# About the AI in Financial Services initiative


## The speed of innovation is redefining financial services

Enthusiasm for AI, quantum computing and other emerging technologies in financial services remains high, driven by the immense potential these innovations hold for enhancing the financial system. However, the rapid pace of technological advancement is also putting considerable pressure on financial institutions and the broader financial ecosystem. As the investment and deployment of technologies in financial services continues to accelerate, it is important to equally prioritize the understanding and management of new risks surfacing.


## More about our initiative


## Advancing AI in financial services

This workstream explores a holistic approach for the financial sector to embrace AI's potential, mitigate associated risks, and reshape business models. This workstream is linked to the Forum's AI Transformation of Industries initiative and broader AI Governance Alliance.Through interviews, workshops, and desk research, we are gathering insights for a series of white papers that offer a comprehensive view of AI's current development and adoption, as well as a view of its future potential impact. Workshops take place virtually and in person in various locations across the globe throughout the year. Participants include senior leaders from financial services and adjacent industries, the public sector and civil society.


### An initiative of the Centre for Financial and Monetary Systems

Creating a financial system that allocates capital to support planet, people, and communities.

[Discover more](https://centres.weforum.org/centre-for-financial-and-monetary-systems/home)