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ISSN Number:
2582-8568
Journal DOI No:
03.2021-11278686
Title:
Navigating Business Ethics in the Age of Artificial Intelligence: Challenges and Opportunities in the Banking Sector
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Cite this Article:
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Navigating Business Ethics in the Age of Artificial Intelligence: Challenges and Opportunities in the Banking Sector, International Research Journal of Humanities and Interdisciplinary Studies (www.irjhis.com), ISSN : 2582-8568, Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India), Page No : 110-112,
Available at : http://irjhis.com/paper/IRJHISIS2501016.pdf
Abstract:
The integration of Artificial Intelligence (AI) into the banking sector has revolutionized operations, customer engagement, and decision-making processes. However, this technological advancement raises significant ethical considerations, including bias in decision-making algorithms, data privacy concerns, and the implications of automation on employment. This paper explores the intersection of business ethics and AI in banking, identifying key challenges, and proposing a framework for ethical AI implementation. The findings aim to guide financial institutions in balancing innovation with ethical responsibility, ensuring AI systems foster trust, transparency, and fairness.
Keywords:
Artificial Intelligence, Business Ethics, Banking Sector, Algorithmic Bias, Data Privacy, Ethical AI, Transparency, Workforce Automation.
Publication Details:
Published Paper ID: IRJHISIS2501016
Registration ID: 21742
Published In: Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India)
Page No: 110-112
ISSN Number: 2582-8568
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