AI due diligence 'essential' for advisers

Adviser Software calls on firms to evaluate potential risks of using DeepSeek

Isabel Baxter
clock • 2 min read

Artificial Intelligence (AI) creates enormous opportunities for financial advisers however detailed due diligence is essential to understand the consequences and liability that may arise from using any such service, Adviser Software has said.

Considering this, it has called on firms to evaluate the potential risks associated with the use of DeepSeek. Through Adviser Software's work with InterGen Data founder and CEO Robert Kirk, InterGen's AI based financial lifetime events prediction service identified the following risks and recommendations to advisers on how to approach the use of DeepSeek. It has recommended financial advisers to: • Avoid inputting sensitive data: Assume all interactions with DeepSeek are monitored and stored indefinitely and avoid inputting any sensitive or confidential information. • Review jur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Proactive risk management with AI: Spotting market shifts before they happen

Proactive risk management with AI: Spotting market shifts before they happen

Detecting early disruptions is key to mitigating potential risks

Tony Wilkinson
clock 05 March 2025 • 4 min read
Emotional support: Why AI cannot replace an adviser's crucial role

Emotional support: Why AI cannot replace an adviser's crucial role

'AI cannot give clients what they seem to value the most from a financial adviser'

Louis Williams
clock 03 March 2025 • 4 min read
Providers must rethink digital strategies to better engage female clients

Providers must rethink digital strategies to better engage female clients

Research released ahead of International Women’s Day

Sahar Nazir
clock 03 March 2025 • 3 min read