Deutsche Bank Taps AI To Sniff Out Trader Mischief Through Phone Calls: Report
Portfolio Pulse from Nabaparna Bhattacharya
Deutsche Bank is reportedly using artificial intelligence tools to detect potential misconduct from the tone of traders' phone conversations. The bank is leveraging Google Cloud's machine learning to explore the use of large language models. The AI will guide analysts to points of interest in the conversations. The bank is also on a hiring spree, planning to add more to its base of 16,000 staff working on tech, data, and innovation. However, some attorneys caution about the potential pitfalls of using AI to identify misconduct.
September 13, 2023 | 10:47 am
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Deutsche Bank is using AI to improve its oversight and governance, which could potentially reduce the risk of misconduct and regulatory penalties. However, there are concerns about the effectiveness and potential pitfalls of this approach.
The use of AI could potentially improve Deutsche Bank's oversight and governance, reducing the risk of misconduct and regulatory penalties. This could have a positive impact on the bank's reputation and financial performance. However, there are concerns about the effectiveness and potential pitfalls of this approach, which could limit its impact.
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