Sarkar also highlights the potential of AI in democratizing financial education and planning. He suggests that AI-powered banking apps could provide personalized guidance and advice based on individual financial data. He concludes by stating that while AI will significantly impact our lives and work, it will act as a force multiplier for humans, and the need for humans will still persist.
Key takeaways:
- AI is being used to augment rather than replace people, enabling humans to focus on areas where they add the most value.
- AI can expedite customer service experiences and cut down on time and costs, systematizing lower-value tasks.
- AI can scale personalization, providing individualized service and financial advice to bank customers.
- The future of financial education could be AI-supported banking apps providing information and advice in the moment, acting as a force multiplier for humans.