Banking risk expert Mohammad Fahili said reservations exist regarding employing artificial intelligence in banking decision making.
Fahili said in an intervention on Al Arabiya FM that artificial intelligence, despite its positive effects, has reached catastrophic levels and is beyond the framework of the human brain.
The banking risk expert said there are existing reservations regarding the use of artificial intelligence in decisions related to credit matters and market risks, indicating the potential for the use of artificial intelligence in financial analysis.
He said that the banking crisis that occurred in 2023 and spread to Europe was due to digital technology, which contributed to its rise, noting that “artificial intelligence” has a dark side. Due to the lack of regulation, oversight and legal framework, that opens up all possibilities.