Margaritis (Piraeus Bank): Universal integration of Artificial Intelligence

“Human successful the loop does not mean that a idiosyncratic controls each decision; rather, it means understanding what AI does and remaining accountable,” said Harris Margaritis, Executive General Manager & Group Chief Operating Officer astatine Piraeus Bank, speaking astatine the Delphi Economic Forum XI.

In an interrogation with Naftemporiki TV, Margaritis focused connected fraudulent transactions and the technological solutions available to code them. He besides outlined Piraeus Bank’s strategy for leveraging artificial quality successful its operations and lawsuit service. As helium noted, “the emergence successful fraudulent transactions is simply a large planetary issue. In Greece, Piraeus Bank processes astir one-third of the country’s transactions annually, amounting to astir 300 cardinal euros successful value. Thanks to the systems the slope has developed done sustained concern successful technology, the complaint of fraudulent transactions remains highly low, astatine little than 0.001%.”

He added that “the slope is transitioning from implementing isolated AI applications to the full-scale integration of artificial quality crossed its operations.”

“To this end, we person established a specialized institution with Accenture and Anthropic, with the ultimate extremity of upskilling our workforce and redesigning our processes done AI,” Margaritis said, concluding that “our ambitions are very high.”