Nearly half of financial planners worry about AI’s data privacy, security risks: Report

May 11, 2025

, By The Economic Times

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Despite the benefits, financial planners expressed reservations regarding the use of artificial intelligence (AI), with 47% citing data privacy and cybersecurity concerns, according to a report by FPSB India, the Indian subsidiary of the Financial Planning Standards Board.The report titled “How AI is reshaping the financial planning profession” further highlighted that about 42% of financial companies’ top executives are still concerned about the accuracy and reliability of AI outputs.

On the positive side, the report highlights that over…

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Nearly half of financial planners worry about AI’s data privacy, security risks: Report

May 11, 2025

, Published By The Economic Times

Despite the benefits, financial planners expressed reservations regarding the use of artificial intelligence (AI), with 47% citing data privacy and cybersecurity concerns, according to a report by FPSB India, the Indian subsidiary of the Financial Planning Standards Board.The report titled “How AI is reshaping the financial planning profession” further highlighted that about 42% of financial companies’ top executives are still concerned about the accuracy and reliability of AI outputs.

On the positive side, the report highlights that over…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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The Economic Times

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