The acceleration of digital transformation as the essence of the multi-faceted global landscape has emphasized the role of governments in its navigation; to an extent, the strategic drivers employed could make or break the evolution of governments. This discussion addresses the applications of generative AI in automating financial processes and enhancing decision-making. However, attention will also be given to the limitations, including privacy concerns in algorithmic decision-making, and the necessary advancements for responsible implementation of AI in the finance sector.