Originally published in Traders Magazine.
Travis Schwab is CEO, Eventus.
Artificial intelligence (AI) is increasingly shaping the compliance and surveillance landscape, offering powerful tools to identify risks, streamline processes, and enhance regulatory oversight. However, as AI adoption grows, firms must navigate critical challenges to ensure effective implementation and usage, according to Travis Schwab, CEO of Eventus.
One of the biggest barriers to AI adoption in compliance is ensuring that AI is applied to specific business functions. Speaking on the sidelines of FIA Boca in Florida, Schwab said that AI is not always suitable for every task.
“You don’t want to put AI in a position that doesn’t work for the business issue you are trying to solve. If you need a discrete, repeatable answer, using AI is a mistake. You could get a non-deterministic answer—meaning you might receive a different response even when asking the same question,” he told Traders Magazine.
Full article available here: Originally published in Traders Magazine.
