Unraveling the Multifaceted Role of Generative AI in Fintech: A Deep Dive with Sabyasachi Goswami at Cypher 2023

In a riveting session at Cypher 2023, Sabyasachi Goswami delved into the transformative potential of generative AI in the fintech sector. The talk, titled "Generative AI's Multifaceted Role in Fintech," offered a comprehensive overview of the applications, challenges, and future prospects of generative AI in this rapidly evolving industry. What is Generative AI? Goswami kicked off the session by distinguishing between generative and discriminative AI. While discriminative AI focuses on categorizing data, generative AI goes a step further by creating new data that resembles the input. This capability opens up a plethora of applications in fintech, from fraud detection to customer service and data analysis. Applications in Fintech The speaker elaborated on how generative AI is re