Peter Alder: “Independent Wealth Managers: Beware of «Shadow AI»”
Independent Wealth Managers: Beware of «Shadow AI»
Independent wealth managers carry essentially the same supervisory duties as the big banks, but with a fraction of their resources. Artificial intelligence promises efficiency gains. Yet without convincing, approved tools, «shadow AI» spreads – and with it the risk to client data. Peter Alder, chief operating officer and head of compliance at Marcuard Heritage, shows how regulation and practice can be reconciled.