Bank on Us $($BOU$)$ is a $40-$year$-$old commercial bank that is located in Namibia that recently has acquired two smaller banks. One of the senior managers recently has returned from a financial industry conference where the opportuni'es for the applica'on of Ar'ficial Intelligence $($AI$)$ to financial ins'tu'ons were presented by a researcher At Stellenbosch Business School. The senior manager is excited by the prospects of AI and would like to present a concept paper outlining the implica'ons of the applica'on of AI to BOU to the Board of Directors. The senior manager is confident in presen'ng the opportuni'es of AI for financial services, based on what she learned at the conference, but she is not as certain about the challenges of the applica'on of AI to financial services. She has asked you, a student at Stellenbosch Business School, to undertake research on the challenges of the applica'on of AI to financial services.Iden'fy and describe five challenges that BOU may face in the applica'on of AI to the banks operaTions, products and services. Be sure to illustrate specific issues that BOU may face, based on what you know about the bank.