by Daoud Abdel Hadi
When AI entered the mainstream, it instilled a sense of panic in many people. It was seen as a threat that would replace humans across the working world. Given the speed at which AI is advancing, and the emergence of technologies such as ChatGPT, this fear may seem reasonable. But over time, we’ve started to see AI as a helpful tool, not a replacement for humans. And just like any other tool, it can be used for good or bad. As a result, the real threat AI poses is not mass redundancies. It’s the pace at which malicious actors have exploited it to commit crime. To respond effectively, financial institutions need to fight fire with fire, using AI to limit the ability of lawbreakers to get away with their crimes. In doing so, it’s essential to balance the analytical prowess of AI and the nuanced understanding of humans. So what does this collaboration look like? Continue reading…