At TOKEN2049 Singapore, OKX Founder and CEO Star said that AI’s impact on the financial industry is expanding beyond the user-facing side and into back-office operations such as compliance and risk management. OKX already uses AI to help identify risks, investigate suspicious transactions and behavior, and provide recommendations on how to handle them, improving efficiency and consistency in execution. However, AI does not make compliance or risk management decisions directly; final decisions are still made by people. Speaking at the same event, OKX Director and former New York Governor Andrew Cuomo said that clear regulatory rules and compliant operations are essential to building public trust as fintech companies expand their services to a broader user base. Cuomo officially joined OKX’s board this July.