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Consumer Skills

Say Hi to Financial A.I.

KAHOOT�VERSION

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What is one way A.I. is already being used in the finance industry?

a) Customer service via chatbot

b) Analyze social media trends

c) Predict stock market fluctuations

d) File taxes without human involvement

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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What is one way A.I. is already being used in the finance industry?

a) Customer service via chatbot

b) Analyze social media trends

c) Predict stock market fluctuations

d) File taxes without human involvement

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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2. Which age groups are the largest target customer base for banks in the US?

Gen Alpha and Gen Z
Gen Z and Millennials
Gen X and Gen Y
Boomers and Gen X

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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2. Which age groups are the largest target customer base for banks in the US?

Gen Alpha and Gen Z
Gen Z and Millennials
Gen X and Gen Y
Boomers and Gen X

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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3. What percentage of millennials reported a preference for online banking and not banking in-person?

17%
28%
67%
78%

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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3. What percentage of millennials reported a preference for online banking and not banking in-person?

17%
28%
67%
78%

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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4. How can A.I. help customers manage their finances more effectively?

a) By automating jobs in the finance industry

b) By offering tax and legal advice to customers

c) By providing personalized budgeting plans

d) By creating more interactive ATMs

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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4. How can A.I. help customers manage their finances more effectively?

a) By automating jobs in the finance industry

b) By offering tax and legal advice to customers

c) By providing personalized budgeting plans

d) By creating more interactive ATMs

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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5. What is one concern critics have about increased reliance on A.I. in finance?

a) Decreased efficiency in loan applications

b) Potential security risks for personal financial data

c) Inaccurate financial advice provided by A.I. bots

d) Increase in the amount of debt individuals owe

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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5. What is one concern critics have about increased reliance on A.I. in finance?

a) Decreased efficiency in loan applications

b) Potential security risks for personal financial data

c) Inaccurate financial advice provided by A.I. bots

d) Increase in the amount of debt individuals owe

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Would you trust A.I. to help you with your own personal finances?

Why or why not?

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Three Relevant Resources from NGPF:

Using Artificial Intelligence in your Personal Finance Classroom (Blog Post)
Semester Course - Unit 2: Banking (Unit)
Summer 2023: 3 Trends in Personal Finance (On Demand for Teachers)

References:

Banking in the metaverse? A.I. could change the way you manage money (CNBC)
Artificial Intelligence Opens Up The World Of Financial Services (Forbes)
ChatGPT Won’t Replace Financial Advisors Yet. Here’s Why (NerdWallet)
Exploring the Role of AI in Financial Services | AI in Finance (Hyper Sense AI)

SAY HI TO FINANCIAL A.I. JUNE 9, 2023 EDITION | NEXT GEN PERSONAL FINANCE