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 the following:
- Using traditional legal frameworks to regulate AI. (Reuters)
- HSBC opens AI center of excellence. (FinTech Global)
- The 60-25-15 rule is reshaping AI compliance pilots. (FinTech Global)
- Banks appointing Chief AI Officers. (FinTech Magazine)
- BaFin to monitor AI use at banks and insurers. (Reuters)
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.
