Generative AI has had a dominant presence in the business world this year, causing a shift in strategic decision-making. The technology’s potential to disrupt financial markets when combined with other innovations such as blockchain and digital assets is significant, leading to active involvement from financial institutions in strategic planning for its implementation on a large scale.
The introduction of generative AI has also made fintech an integral part of strategic decision-making. Rapid technological advances have led to the identification of opportunities and threats in the industry, resulting in widespread experimentation and research and development of how the technology can be used in investments and other business processes.
Despite the recent downturn in exchanges and investment in digital assets, commonly known as “crypto-winter,” regulatory scrutiny is increasing. However, the Securities and Exchange Commission (SEC) is beginning to meet investor demand for certain digital asset products, providing an opportunity for both traditional and new technological aspects of the industry to innovate and develop.