Generative AI (Gen AI) is on the verge of redefining efficiency across several industries, greatly influencing financial services. It is changing how banks work by improving analytical models, streamlining regular operations, analyzing unstructured data, shifting risk management methods, and enhancing regulatory compliance. Risk executives must establish tight standards for adopting Gen AI within their businesses. Sophisticated AI technology can significantly improve these departments' operational efficacy and efficiency. However, substandard implementation can also pose significant threats to business operations. For more details: https://bit.ly/3RA7f1C