Tag: AI in banking

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AI in Financial Services in 5 Stories

AI in Financial Services in 5 Stories – Week Ending April 24, 2026

Welcome to AI in Financial Services in 5 Stories. A practical weekly roundup of the five most important AI developments affecting banking, insurance, payments, asset management, and fintech. Each Friday, Tom Fox will break down the top stories that matter most through the lenses of compliance, risk management, governance, and business strategy. Designed for compliance professionals, executives, legal teams, and financial services leaders, it goes beyond headlines to explain why each development matters in a highly regulated industry. The result is a concise weekly briefing that helps listeners stay current on AI innovation while asking sharper questions about oversight, accountability, and trust.

This week’s stories include:

  1. Will Mythos threaten global banking?(FT)
  2. Agentic AI reshaping bank compliance.(FinTechGlobal)
  3. Taiwan develops AI to block Chinese banks. (TheBanker)
  4. Transactions forensics. (Experian)
  5. FCA picks banks for AI testing trials. (Bloomberg)

For more information on the use of AI in Compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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AI in Financial Services in 5 Stories

AI in Financial Services in 5 Stories – Week Ending April 17, 2026

Welcome to AI in Financial Services in 5 Stories. A practical weekly roundup of the five most important AI developments affecting banking, insurance, payments, asset management, and fintech. Each Friday, Tom Fox will break down the top stories that matter most through the lenses of compliance, risk management, governance, and business strategy. Designed for compliance professionals, executives, legal teams, and financial services leaders, it goes beyond headlines to explain why each development matters in a highly regulated industry. The result is a concise weekly briefing that helps listeners stay current on AI innovation while asking sharper questions about oversight, accountability, and trust.

This week’s stories include:

  1. Banks warned about Mythos. (Bloomberg)
  2. AI developments for financial pros. (MIT)
  3. Agentic AI moves from automation to autonomy (Moody’s)
  4. AI helped CIBC save 1.2MM hours in Q. (FinancialPost)
  5. MPs say financial regulators are not doing enough around AI. (ComputerWeekly)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out my latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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AI Today in 5

AI Today in 5: March 13, 2026, The KYA Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. From KYC to Know Your Agent. (PYMNTS)
  2. Big Tech’s entire AI operations under EU scrutiny. (Bloomberg)
  3. Using Napier AI in transaction monitoring. (FinTechGlobal)
  4. Retail banks are putting AI to use. (BCG)
  5. Embodied AI for manufacturing. (Automate)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

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AI Today in 5

AI Today in 5: February 27, 2026, The Have It Your (AI) Way at BK Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. Monitoring AI comms for forensic compliance. (FinTechGlobal)
  2. Pairing AI Voice Compliance with other types of Compliance. (UCToday)
  3. Banks are using AI to flag suspicious trades. (Bloomberg)
  4. A faster Nano Banana. (Bloomberg)
  5. BK uses AI to monitor employees’ friendliness. (Yahoo!)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

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AI Today in 5

AI Today in 5: February 25, 2026, The Spotting AI Fakes Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. No code AML. (FinTechGlobal)
  2. Applying AI in sanctions compliance. (FTI)
  3. AI agents for investment banking and HR. (Bloomberg)
  4. 4 AI strategies for healthcare. (Forbes)
  5. Tools to spot AI fakes. (NYT)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

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AI Today in 5

AI Today in 5: February 24, 2026, The AI in Pharma Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. AI-powered pharma compliance. (FastCompany)
  2. Shadow AI in healthcare. (AHCJ)
  3. Stronger compliance is needed to mitigate AI liability. (CW)
  4. AI in banking. (TheFinancialBrand)
  5. Anthropic accuses China of hacking Claude. (WSJ)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on ⁠Amazon.com⁠.

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Innovation in Compliance

Innovation in Compliance: From Banking to AI: Tim Khamzin on Transforming Compliance

Innovation comes in many areas, and compliance professionals need not only to be ready for it but also to embrace it. Join Tom Fox, the Voice of Compliance, as he visits with top innovative minds, thinkers, and creators in the award-winning Innovation in Compliance podcast. In this episode, host Tom Fox welcomes Tim Khamzin, Founder & CEO of Vivox AI, to discuss building explainable, trusted AI agents for financial crime compliance teams.

Tim describes his background in banking operations automation, including large-scale digital transformation and the development of compliance products, and explains how large language models since 2023–2024 enable the automation of unstructured compliance work without extensive model training. He outlines key challenges in AML/KYC operations—15% of bank headcount tied to compliance, heavy manual repetitive investigations across multiple systems, and cultural resistance to adopting technology.

Tim emphasizes “explainability” through consistent, repeatable investigations with audit logs and screenshots that mirror human workflows, and “trust” through transparency, compliant vendor choices, and clear communication of limitations. Tim introduces Vivox compliance analyst, “Rachel,” a platform of collaborating agents that supports onboarding, customer due diligence, and false-positive reduction, improved via structured human feedback (thumbs up/down) to learn firm-specific standards.
He explains how Vivox stays aligned with evolving regulations by engaging with bodies such as the UK FCA and tracking frameworks such as the EU AI Act and Singapore guidance, with a focus on auditability and explainability. Tim predicts most compliance work will shift to AI agents, with humans handling complex cases and a new role of “compliance engineer” emerging to configure and evaluate agents, alongside industry consolidation and operating-system-style vendor platforms.

Key highlights:

  • From Banking Automation to Founding Vivox AI: The Opportunity in LLMs
  • What’s Broken Today: Manual Investigations, Backlogs, and Culture Gaps
  • Explainable + Trusted AI: Audit Trails, Screenshots, and Transparency
  • Regulators’ Top AI Concerns: Black Box, Bias, and 99% Accuracy
  • Inside ‘Rachel’: The AI Compliance Analyst & Human-in-the-Loop Feedback
  • The Future: Compliance Engineers, Agent “Operating Systems,” and Consolidation

Resources:

Tim Khamzin on LinkedIn

Vivox AI

Innovation in Compliance was recently honored as the Number 4 podcast in Risk Management by 1,000,000 Podcasts.

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AI Today in 5

AI Today in 5: February 23, 2026, The Bold But Balanced Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. How AI is transforming compliance in 2026. (FinTechGlobal)
  2. Asian banks are struggling to integrate AI into their compliance systems. (AsianBanking&Finance)
  3. A bold but balanced AI revolution. (CIO)
  4. Safely navigating chatbots and healthcare PII. (News-Medical)
  5. What is shaping AI governance? (ISEAS)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

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AI Today in 5

AI Today in 5: December 1, 2025, The Transforming Due Diligence Edition

Welcome to AI Today in 5, the newest edition of the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. 3 keys to AI in banking. (Financial Brand)
  2. New York State could be a battleground for AI regulation. (NYT)
  3. Agentic AI for hackers. (FT)
  4. Shadow AI to digital disruption. (Digital Journal)
  5. How AI is transforming due diligence. (FinTechGlobal)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com