How AI throws a monkey wrench into compliance operations

The financial industry faces AI challenges in regulatory compliance. This paper explores themes from the XLoD conference, where experts discussed AI's landscape.
A key issue is AI silos—disparate models lacking interoperability, causing inefficiencies and risks. Compliance leaders must push for centralized AI governance and collaboration.
AI's capabilities are another concern. While promising, AI isn't perfectly accurate. Compliance officers should see AI as an augmentative tool, setting realistic expectations and validating performance.
AI adoption impacts the workforce, with junior compliance roles at risk. Firms should upskill teams and rethink entry-level positions.