Fraudish Are We Being AI Washed? with Allison Lagosh of Saifr
Dec 10, 2024
Allison Lagosh, a leader in the fintech startup space and head of compliance at Saifr, shares her journey from law to compliance, emphasizing the importance of intuition in addressing fraud. She discusses the challenges posed by generative AI in finance, including regulatory hurdles and emerging fraud risks. The conversation highlights practical strategies for balancing AI benefits with compliance needs and critiques the portrayals of finance in pop culture. Join them to explore how AI is transforming risk management and the future of compliance!
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Career Journey
- Allison Lagosh's career journey began in a law firm, then transitioned to Fidelity's legal department.
- She later explored marketing, compliance, and risk management roles before joining Saifr.
Gen AI in Finance
- Generative AI's impact on finance is significant, raising regulatory challenges and fraud risks.
- A key question is how to balance AI's benefits with its potential misuse in fraud.
AI Washing
- AI washing involves firms falsely claiming AI capabilities for marketing, misleading consumers.
- Regulators are addressing this fraudulent practice through enforcements and scrutiny.
