Generative AI has the potential to revolutionize industries such as cloud computing, cybersecurity, and financial services. Companies are exploring use cases to make their businesses more efficient and profitable. However, it is important for C-suite leaders to understand the benefits and risks of AI and implement voluntary guardrails in the absence of comprehensive regulation. Large language models, the building blocks of generative AI, have been used in areas like fraud detection and risk assessment for several years. The availability of more broadly applicable tools has increased awareness and spurred vendors into creation mode.
Troy Leach, VP of Strategy at the Cloud Security Alliance, believes that AI will become as accessible as cloud computing, providing individuals without resources access to high-quality compute power. In an interview, Leach discusses how fintechs can leverage large language models and mitigate security risks. He also explores navigating the evolving regulatory landscape and upcoming generative AI use cases in the cloud and fintech space.
Leach has a background in advocating for responsible technology and improving quality of living. He helped establish the PCI Security Standards Council and has expertise in information security and financial payments, serving on several advisory boards.