AI impact: Future of compliance balances on a knife edge

Year by year, the hype around AI technology only continues to grow, along with discussions about its healthy implementation and safety. Whether you're an AI enthusiast or skeptic, the fact remains — just in the EU alone, over a third of businesses already have AI implemented in their operations . And this figure will only grow. One of the most significant sectors utilizing AI is banking and financial advice. In fact, 49% of IFAs think that AI presents a big opportunity for their business. And one particular aspect here is compliance, which involves numerous routine, time-consuming, and m...