AI versus humans – no competition?

Latest developments in automated technology can help financial services firms meet increasingly complex regulatory demands, but employees always have been, and always will be, a firm’s strongest or weakest link, argues Martin Schofield.

Martin Schofield is a director at RFS (www.rfs.co.uk). Heprovides consulting and training services on financial crime prevention and compliance to the public as well as private sectors in the United Kingdom and internationally.

Waves of regulatory change have engulfed the financial services sector since the 2008 crisis. With businesses struggling to stay afloat in this sea of regulation, it’s no surprise that ‘RegTech’ is the latest buzzword on the financial services block.