GenAI to revolutionise financial services with enhanced decision-making and personalisation, says GlobalData. Source: shutterstock.com

At the Artificial Intelligence in Financial Services Conference 2024, Andrew Martin, CEO of ControlPlane, spoke on defending AI.

ControlPlane is a consulting firm that focuses on AI and cloud security, “fitting square pegs into round holes” with a “foundation of very good DevOps”.

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Hosted in London, Andrew’s talk focused on the murky world of AI on Kubernetes, and how shadows and light converge to reveal opportunities and vulnerabilities.

He highlighted a number of hurdles with AI in the financial sector at the moment, one of which being cost.

“The cost of training models has become exorbitant and outside the reach of academics,” Martin explained. This means that people are left out and also that “governments are now wondering if they should be involved”.

A major issue raised was “trojanisation” or sneaking harmful things into learning models and AIs. If firms cannot detect these sorts of risks, then they are in “significant trouble”.

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However, it is not all doom and gloom despite many “questions of risk”.

There is “a lot of community work to fall back on” when looking into AI as well as regulation, such as JCI and FINOS.

Martin stated: “We are all under regulation and required to have solid infrastructure, so we can address the emergent risks of GenAI by building upon our existing foundations”.