Exploring Key Uses and Risks of AI in Compliance
Opportunities and Challenges for Financial Institutions in Canada
Sudhanshu Bahadur
Head of Technology, Global Asset Management
BMO Financial Group
Adam Garetson
Partner, Blockchain and FinTech
Gowling WLG
Carole Piovesan
Managing Partner
INQ Law
Former Policy Advisor to the Minister of Foreign Affairs
Global Affairs Canada
Kuno Tucker
Chief Compliance Officer
Manulife Securities
Compliance professionals can leverage AI in compliance investigations to enhance efficiency, effectiveness, and accuracy. During this panel, we will explore both considerations and opportunities that compliance leaders should keep in mind in order to ensure responsible and effective use of AI and other technologies in compliance and compliance investigations. Discussion points during this panel will include:
- Consumer protection legislation as AI regulation
- Identifying specific areas of compliance where AI can add value while detecting and preventing fraud, identifying patterns of non-compliance, automating risk assessments, and streamlining regulatory reporting requirements
- Using AI to ensure that relevant data is collected and integrated from various sources, such as internal systems, external databases, and regulatory filings, and then structured and organized to enable effective analysis
- Benefits to consumers and financial institutions
- The path forward for AI in the financial sector