OKX founder and CEO Star said at TOKEN2049 in Singapore on Oct. 7 that artificial intelligence is changing more than the customer-facing side of finance, with its impact now reaching 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 also made clear that AI does not directly make compliance or risk-management decisions at the exchange, and that final decisions remain in human hands. At the same event, OKX board director and former New York governor Andrew Cuomo added that clear regulatory rules are a key foundation for fintech companies looking to expand their services. He said firms that want to serve a broader user base in financial services must comply with regulatory requirements and build public trust through compliant operations.
Odaily reported that on Oct. 7 at TOKEN2049 in Singapore, OKX founder and CEO Star said AI is not only reshaping the front end of the financial industry, but is also moving deeper into back-office operations such as compliance and risk control.
Star said OKX has already put AI to work in risk identification, support for investigations into suspicious transactions and behavior, and recommendation generation, with the goal of improving processing efficiency and consistency in execution. He added that AI does not directly make compliance or risk-management decisions, and that final decisions are still made by humans.
At the event, OKX board director and former New York governor Andrew Cuomo said clear regulatory rules are an important foundation for fintech companies to expand their services. He added that companies seeking to provide financial services to a broader user base must meet regulatory requirements and build public trust through compliant operations.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
