Nearly half of financial planners worry about AI’s data privacy, security risks: Report

Despite the benefits, financial planners expressed reservations regarding the use of artificial intelligence (AI), with 47% citing data privacy and cybersecurity concerns, according to a report by FPSB India, the Indian subsidiary of the Financial Planning Standards Board.The report titled “How AI is reshaping the financial planning profession” further highlighted that about 42% of financial companies’ top executives are still concerned about the accuracy and reliability of AI outputs.

On the positive side, the report highlights that over…