AI-based financial advice a tricky slope: Experts

BENGALURU: The injection and integration of artificial intelligence (AI) into digital spheres of interaction between institutions and the individual have been rapid and steep, allowing little time for the law and policy to catch up, say Bengaluru-based experts.

According to them, as the finance sector is increasingly moving towards AI-based automation without legal frameworks of accountability already in place, consumers are left to their own devices, leaving them vulnerable to making mistakes involving personal and confidential information.