The Role of Artificial Intelligence in Social Finance

While AI has the potential to change the social economy, it also poses significant challenges. Addressing these challenges will require a concerted effort by all stakeholders, including policymakers, businesses, and civil society organizations. AI has the potential to transform social finance, but it also presents a number of challenges related to data privacy and security, bias and fairness, transparency and explainability, technical complexity and employment. By addressing these challenges, social finance organizations can leverage the benefits of AI to achieve greater impact and reach a wider range of investors, while ensuring that AI is used in a responsible and ethical manner that benefits everyone.

The paper is based on a workshop that took place on April 28, 2023 with FEBEA members and the book “Artificial Intelligence and Blockchain for Social Impact.”