Session 2: Ethical AI Use & Cybersecurity

Date: January 16, 2024

Overview

Ethics and data security are crucial when using AI in financial services. This session will guide you through the ethical implications of using AI tools and best practices for ensuring compliance with industry regulations, including FAIS and POPIA.

Key Takeaways

Ethical Implications of AI in Finance: We’ll cover important ethical considerations when using AI tools in financial advisory. Learn how to avoid bias, ensure fairness, and maintain transparency while using AI-driven solutions for clients.
Best Practices for Ensuring Compliance with FAIS and POPIA: As a financial advisor, it’s crucial to remain compliant with regulations governing your practice. We’ll discuss how to use AI tools without compromising client data security and how AI can help you adhere to FAIS (Financial Advisory and Intermediary Services) and POPIA (Protection of Personal Information Act) standards.
Cybersecurity Fundamentals to Protect Client Data: AI tools are powerful, but they also come with security risks. This session will dive deep into cybersecurity best practices for securing client data when using AI tools. You’ll learn about common threats, such as phishing and ransomware, and how to implement systems that protect your clients’ sensitive information.

What to Expect

By the end of this session, you will have a clear understanding of how to use AI ethically and securely while ensuring full regulatory compliance, especially when handling sensitive financial data.

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