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ARTICLE · 25 JULY 2023

Addressing AI In The Annual Compliance Review (Video)

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Artificial intelligence (AI) is rapidly transforming the asset management industry. In this brief video, Akin investment management partner Brian T. Daly discusses the importance of incorporating...

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Brian T. Daly
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Artificial intelligence (AI) is rapidly transforming the asset management industry. In this brief video, Akin investment management partner Brian T. Daly discusses the importance of incorporating AI into your annual compliance review.

Transcript

When it comes to artificial intelligence, every GC and every CCO is playing catch-up. Luckily, it's just about the time of year for most of you to start preparing for your annual compliance review.

So to address AI in your annual review, we recommend you include these three concepts:

  • First, focus on security and privacy. Sit down with your CTO, sit down with your CISO if you have one, and look over your network architecture. Identify all those opportunities for your personnel to share, or for licensed AI products to access, your confidential firm, client or investor information and make sure you have those locked down.

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