1、1Finance Watch Report l March 2025Artificial intelligence in finance:how to trust a black box?Artificial intelligence in finance:how to trust a black box?Can and should the provision of AI-powered financial services be regulated?A Finance Watch ReportMarch 20252Finance Watch Report l March 2025Artif

2、icial intelligence in finance:how to trust a black box?Author:Thierry PhilipponnatEditor:Robert NoskerGraphics and typeset:Camila DuboisCover photo:Adobe StockAcknowledgement:We extend our gratitude to the members of Finance Watch for their invaluable input and feedback,as well as to the numerous pr

3、ofessionals and experts who contributed to the production of this report by sharing their insights and expertise.Finance Watch 2025The contents of this report may be freely used or reproduced without permission provided the original meaning and context are not altered in any way.Where third party co

4、pyright has been acknowledged,permission must be sought from the third party directly.For enquiries relating to this report,please email contactfinance-watch.orgFinance Watch has received funding from the European Union to implement its work programme.There is no implied endorsement by the EU or the

5、 European Commission of Finance Watchs work,which remains the sole responsibility of Finance Watch.3Finance Watch Report l March 2025Artificial intelligence in finance:how to trust a black box?ContentsPreface-Report objective 4Executive Summary 5Key Recommendations 7Introduction 9I.Understanding art

6、ificial intelligence and apprehending the difference with human intelligence 11A.Whats in the two words artificial intelligence?A brief description and a glossary of AI 11B.The difference between human and artificial intelligence:the nature of AI 14II.Is the provision of AI-powered financial service