OKX founder and CEO Star said at TOKEN2049 in Singapore that AI is changing financial services beyond the user-facing side and is moving deeper into back-office functions such as compliance and risk control. According to Star, OKX is already using AI to help identify risks, support investigations into suspicious transactions and behavior, and offer recommendations aimed at improving processing efficiency and execution consistency. He added that AI does not directly make compliance or risk management decisions at this stage, and that final judgments remain with 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 firms looking to expand their services. He said companies that want to provide 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 not only on the user-facing side, but also in back-office functions including compliance and risk control.
Star said OKX is already using AI to assist with risk identification, support reviews of suspicious transactions and behavior, and provide recommendations designed to improve processing efficiency and consistency in execution. He said AI does not directly make compliance or risk management decisions, and that final decisions are still made by humans.
Also at the event, OKX board director and former New York governor Andrew Cuomo said clear regulatory rules are an important foundation for fintech companies seeking to expand their services. He said firms that want to offer financial services to a broader group of users must follow regulatory requirements and build public trust through compliant operations.
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