Adventures in AI: Managing security and data risks

Artificial intelligence (AI) tools can be powerful for financial advice businesses, but they also introduce security, safety, and compliance risks that are likely to need active management. In this article, we explore six potential risks you need to be wary of, and ways to mitigate them. 1. Data confidentiality and client privacy AI works on ingesting large amounts of data and using this to train and improve the model.  If you enter client data (eg personal details, financial history or investment preferences) into public AI models, you're transferring this data outside of your comp...