Ensuring Equity: The Imperative for Regulating AI in Fintech

With the rapid development of AI in the financial sector, concerns over equity and safety are paramount. A report from Money 20/20 underscores the potential of AI but emphasizes the need for stringent regulatory frameworks to protect consumers from biased algorithms and ensure fair access to financial services for all. The exploration of AI's potential must not overshadow the urgent need for oversight to prevent discrimination and uphold data privacy.