Ep 117: Regulating the Rise of AI in Financial Services - Fundi Tshazibana

As AI rapidly reshapes the financial sector, the question is no longer whether regulators should respond - but whether they can keep pace. Michael Avery was joined by Fundi Tshazibana, Deputy Governor of the South African Reserve Bank and CEO of the Prudential Authority, for a timely conversation examining how the industry is navigating the accelerating rise of generative AI. The discussion explored the growing complexity AI introduces to financial supervision, the risks posed by increasingly powerful frontier models, and the vulnerabilities they could expose across banking systems and critical infrastructure. It also offered a clear look at how South Africa is approaching oversight, innovation, and risk in an AI-driven future.