potential for human error . Automating them will both save time and effort and reduce costly errors .”

Moreover , these systems could offer hyper-personalised services to customers based on an intimate understanding of their individual circumstances , potentially increasing access to finance for underserved segments of the population .

However , this evolution is not without challenges . Ethical privacy concerns , data protection and the potential for systemic bias in AI systems will likely become more pressing .

Striking the right balance between innovation and regulation will be crucial as these autonomous systems become more prevalent .

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