Malissa Conlin, Director and General Manager of Brenthurst Wealth, a qualified attorney and FPSA®, warns that AI poses a hidden risk to investors’ personal financial information. She says AI is useful for general research and administrative tasks, but should never replace professional financial advice or human judgement.
Malissa urges investors not to upload ID numbers, banking details, wills, trust documents or financial statements to AI platforms, and says responsible financial services providers must use approved, governed AI tools that comply with South Africa’s POPIA legislation.
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