The Promise & Peril Of GenAI Presents Puzzle To African Banks & Fintechs
- African financial institutions are exploring GenAI to revolutionize operations.
- GenAI adoption faces challenges like data poisoning and deep fakes.
- 29% of fintechs used GenAI for content creation in 2023.
The potential of GenAI in transforming African financial services is significant, but it is crucial for institutions to approach its adoption with caution. By focusing on secure implementations and workforce development, financial entities can harness GenAI's benefits while mitigating risks. This balanced approach will be vital for sustainable growth in the sector.
