This Week in Fintech's Podcast đ§ The Fintech and AI Series: All Things Compliance
Apr 2, 2025
Join Reggie Young, Chief of Staff at Lithic, and Jesse Reiss, CTO and Co-founder of Hummingbird, as they dive into the intersection of compliance, AI, and fintech. They discuss the significant changes AI brings to regulatory strategies and internal tooling. The conversation addresses data privacy concerns, the growing complexities of fraud detection, and the importance of robust AI policies. With insights on innovative practices and secure AI integration, this chat is a must-listen for anyone navigating the evolving landscape of financial services.
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Episode notes
Practical AI Policies
- Create practical internal AI policies that empower employees to make informed decisions.
- Avoid generic, impractical policies that don't offer real-world guidance.
AI Exacerbates Risks
- AI exacerbates existing risks in financial services, especially given the sensitivity of financial data.
- Companies must balance the need for innovation with robust risk management and employee education.
Empower Employees with AI
- Focus on internal education and enablement to help employees understand and utilize AI effectively.
- Encourage employees to identify time-consuming tasks that AI could potentially automate.