Page 126 - Cyber Defense eMagazine August 2023

Why Compliance Matters When Dealing with

AI and Finances

By Saeid Hejazi, Founder, Wally

Artificial intelligence has skyrocketed in popularity in recent months, particularly as the widespread
availability and use of AI tools such as ChatGPT have spurred greater interest in technology. Leaders in
many businesses and industries — including the financial sector — have seen the potential applications
of AI and implemented them in exciting ways.

Nevertheless, it is crucial to adhere to strict compliance and regulatory standards to protect users and
their data, especially in a business that deals with sensitive information.

Cyber Defense eMagazine – August 2023 Edition 126
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