New Jersey Banker - Issue 3, 2024

The Role of AI in Compliance GOOD DAY MY FELLOW COMPLIANCE PEOPLE. I WAS ASKED IF I WOULD LIKE TO SUBMIT AN ARTICLE ON COMPLIANCE FOR THE NJBANKERS QUARTERLY NEWSLETTER. AS IF WE ARE NOT BUSY ENOUGH, BUT LIKE MANY OF US, I HAVE ISSUES SAYING NO TO ANYTHING OR ANYBODY. SO HERE I AM TRYING TO DECIDE WHAT I WOULD WRITE ABOUT THAT WE HAVE NOT BEEN BOMBARDED WITH OVER THE YEARS. DON’T WE COMPLIANCE FOLK HAVE OUR NOSES BURIED IN COMPLIANCE REGULATIONS EACH AND EVERY DAY? SO, I DECIDED TO CHOOSE SOMETHING I KNOW LITTLE ABOUT BUT IS PROMINENT IN OUR DAILY CONVERSATIONS, ARTIFICIAL INTELLIGENCE (AI). NOW, AS AN OLD GUY THAT HAS TROUBLE WITH COMPUTERS, AS IT IS, HERE I AM RESEARCHING AND WRITING ON AI. I THOUGHT MAYBE I WOULD LEARN SOMETHING AND PERHAPS YOU MAY BENEFIT AS WELL. NOT TO MENTION THE FACT THAT MY CEO WANTS AN AI POLICY WRITTEN AND IN PLACE. 14 feature

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