“You Can’t Blame AI to Regulators”: Northern Trust SVP on AI Governance in Finance

Episode summary

The financial industry is facing an unprecedented shift as AI transitions from a tool for innovation into a core driver of systemic risk and opportunity. In this episode, Armel Roméo Kouassi, SVP at Northern Trust, unpacks the realities of deploying AI at scale within one of the world’s most heavily regulated sectors. We explore how AI is fundamentally changing balance sheet management, why executive mandates are critical for success, and how traditional banks are balancing rapid FinTech innovation with strict governance frameworks. Chapters: 00:00 – Introduction to AI in Financial…

Chapters

  • 00:00 — – Introduction to AI in Financial Services
  • 01:03 — – Armel Kouassi’s Background & Global Career
  • 01:33 — – Why Banking Must Be a First Mover in AI
  • 03:52 — – The Tipping Point: AI vs. Spreadsheets
  • 07:14 — – Driving Measurable Value in Balance Sheet Management
  • 10:00 — – The Evolving, Strategic Role of the Human
  • 12:17 — – FinTech Agility vs. Traditional Bank Governance
  • 14:34 — – Why AI Success Requires a CEO Mandate
  • 16:52 — – Managing Fraud, Scams, and Agentic AI Risks
  • 19:29 — – The Consumer Trust Gap & Data Sovereignty
  • 23:38 — – Navigating Changing Regulations & Looking Ahead

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