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There is a n interesting dynamic with in AI where it is accessible to all of us, but challenging to implement within financialservices. As much as there are some really exciting things that we can do with AI, in financialservices we have a lot of regulation and compliance that we need to think abou t.
TLS (Transport Layer Security) and SSL (Secure Sockets Layer) are two key protocols that are used to encrypt data. Banks and financialservice providers have a safe protocol to gain admin access to an account if the need ever arises. You have the right to dispute suspicious charges on your card or accounts.
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