OKX founder and CEO Star said at TOKEN2049 in Singapore that artificial intelligence is reshaping more than the customer-facing side of finance, with the technology now moving into back-office functions such as compliance and risk control. According to Star, OKX has already deployed AI to help identify risks, support investigations into suspicious transactions and behavior, and generate recommendations aimed at improving processing efficiency and consistency in execution. He added that AI does not make compliance or risk management decisions on its own at this stage, with final decisions still left to human staff. At the same event, OKX board director and former New York Governor Andrew Cuomo said clear regulatory rules are a key foundation for fintech companies seeking to expand their services. He said firms that want to offer financial services to a broader user base must comply with regulatory requirements and build public trust through compliant operations.
At TOKEN2049 in Singapore, OKX founder and CEO Star said AI is changing the financial industry beyond the user-facing layer and is now moving deeper into back-office operations, including compliance and risk control, according to on-site reporting from Foresight News.
Star said OKX has already applied AI to help identify risks, support investigations into suspicious transactions and behavior, and provide recommendations to improve processing efficiency and consistency in execution. He added that AI does not directly make compliance or risk management decisions at present, and that final decisions are still made by human staff.
Cuomo calls clear rules a foundation for wider financial services
Andrew Cuomo, a member of the OKX board and former governor of New York, said at the event that clear regulatory rules are an important foundation for fintech companies looking to expand their services. He said companies that want to provide financial services to a broader group of users must meet regulatory requirements and build public trust through compliant operations.
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