კონფერენცია

∘ Leila Ghudushauril ∘
IMPLEMENTATION OF ARTIFICIAL INTELLIGENCE IN GEORGIAN BANKING: IMPLICATIONS, CHALLENGES AND OPPORTUNITIES

Summary

Artificial intelligence (AI) has become a transformative force in various industries, and the banking sector is no exception. With the potential to revolutionize banking operations, improve customer experience, and enhance decision-making processes, AI will play a significant role in the future of banking.

In today’s digital age, when financial institutions are trying to stay competitive and provide innovative services to their customers, the implementation of AI in banking is becoming especially relevant. Analyzing the challenges and opportunities associated with AI implementation is crucial for banks to effectively leverage its potential and navigate the evolving industry. In addition, policymakers and regulators in the banking sector must consider the ethics, legality, and safety of AI to ensure responsible and safe implementation.

The article discusses and analyzes the challenges and opportunities arising from the implementation of artificial intelligence in the banking sector of Georgia.

Keywords: artificial intelligence; banking; operational efficiency; data privacy and security risk management.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Leila Ghudushauril ∘ IMPLEMENTATION OF ARTIFICIAL INTELLIGENCE IN GEORGIAN BANKING: IMPLICATIONS, CHALLENGES AND OPPORTUNITIES Summary Artificial intelligence (AI) has become a transformative force in various industries, and the banking sector is no exception. With the potential to revolutionize banking operations, improve customer experience, and enhance decision-making processes, AI will play a significant role in the future of banking. In today’s digital age, when financial institutions are trying to stay competitive and provide innovative services to their customers, the implementation of AI in banking is becoming especially relevant. Analyzing the challenges and opportunities associated with AI implementation is crucial for banks to effectively leverage its potential and navigate the evolving industry. In addition, policymakers and regulators in the banking sector must consider the ethics, legality, and safety of AI to ensure responsible and safe implementation. The article discusses and analyzes the challenges and opportunities arising from the implementation of artificial intelligence in the banking sector of Georgia. Keywords: artificial intelligence; banking; operational efficiency; data privacy and security risk management.