At the XXII International Banking Forum in Sochi, Center-invest Bank presented its "Socially Responsible Banking" AI platform, which was developed using over 30 years’ worth of materials and experience from Center-invest Bank. During the forum, the AI model answered 95 questions asked by bankers.

The project’s main goal is to consolidate Center-invest Bank’s experience and leverage the potential of AI to promote a sustainable banking business model and create a publicly accessible platform for improving financial literacy.

The question that the models were asked most frequently was: "How can a socially responsible bank make a profit?" The model produced several interpretations of the key idea that socially responsible policy is not charity, but rather a smart strategy for shaping the future and creating a chain reaction of positive change.

Instead of speculation, a socially responsible bank provides its clients with high-quality loans and favourable terms. Thanks to this, clients’ businesses strengthen and grow, companies raise salaries, attract top specialists, and tax revenues also increase.

In a region with a stable economy, growing businesses, and a solvent population, credit risks for the bank are reduced. Ultimately, it’s a win-win situation for everyone: businesses, the public, the budget and the bank itself, which gains reliable clients and sustainable growth.

Center-invest Bank’s experience has been recognised as a best practice by the UN Responsible Banking (UNEP FI PRB) programme, and the AI model’s capabilities will enable this knowledge to be conveyed in order to promote responsible business practices.