Compliance has long been a concern for financial services firms, and the burdens associated with it continue to get heavier. As a result, many are looking toward artificial intelligence as a way to ease those burdens.
RegEd surveyed a group of compliance and related firms on how artificial intelligence is being used in the U.S. financial services industry. The survey looked at how firms are using AI technology now, their future plans and potential new use cases for compliance.
Restrictions on the use of AI
According to the survey, 65% of firms either restrict or partially restrict the use of AI in compliance...
