As financial markets become increasingly digital, globally interconnected and heavily regulated within and across jurisdictions, financial institutions are looking towards Artificial Intelligence (AI) to strengthen regulatory compliance capabilities.
As part of the University of Luxembourg AI Lecture Series, Iosif Itkin, CEO & Co-founder of Exactpro and CTO of Murabex, will deliver a talk on:
Using AI for Streamlining Regulatory Compliance Solutions in Financial Organisations: The Pros, the Cons and Other Cogs
Iosif Itkin
Co-CEO & Co-founder, Exactpro
Iosif Itkin
Co-CEO & Co-founder, Exactpro
The lecture will explore how AI-enabled tools can be used to develop, test and maintain compliance solutions across regulated finance, including banking, trading venues, clearing and settlement systems, payment infrastructures and RegTech platforms.
Drawing on industry practices, Iosif will explore potential cases of AI use in compliance environments, these include: AI-assisted development, AI-assisted rule mapping, automated coverage analysis, regulatory change management and conformance automation frameworks. If implemented efficiently, AI-enabled compliance architectures can help connect regulatory obligations, internal rule books, testing artefacts and audit evidence into continuously traceable systems.
The session will analyse the main benefits of AI adoption in compliance functions, including faster delivery, quicker interpretation of regulatory texts, automation of repetitive control activities, improved monitoring and reporting, scalability across jurisdictions, enhanced fraud and anomaly detection and more adaptive governance processes. AI can also help organisations reduce operational burden and improve responsiveness to rapidly evolving regulations such as DORA, MiFID II, Reg SCI and AML/KYC obligations.
At the same time, the lecture will critically evaluate the limitations and risks associated with the use of AI in regulated finance. These include model opacity (“black box” decision-making), explainability challenges, hallucinations in generative AI systems, data privacy concerns, bias in automated decisions, cybersecurity vulnerabilities, vendor concentration risk and difficulties in establishing deterministic audit trails for probabilistic AI models. Regulatory bodies increasingly emphasise that accountability for compliance cannot be delegated to AI systems or external vendors – which calls for strong governance, human oversight and robust validation frameworks.
The lecture will conclude by discussing emerging heuristics for efficient AI adoption in financial compliance, including “human-in-the-loop” governance, use of explainable AI, model risk management, traceability-by-design and continuous testing methodologies. Students will gain insight into how financial institutions can balance innovation with operational resilience, accountability and regulatory trust in an era of accelerating AI adoption.
About Exactpro
Exactpro is an independent provider of AI-enabled software testing services for financial sector organisations. Our clients are exchanges, post-trade platform operators, and banks across 20 countries. Our area of expertise comprises protocol-based testing of matching engines, market data, market surveillance, clearing and settlement systems, payments APIs. We help our clients to decrease time to market, maintain regulatory compliance, improve scalability, latency and operational resiliency. Exactpro is involved in a variety of transformation programmes related to large-scale cloud and DLT implementations at systemically important organisations.
Our approaches leverage artificial intelligence (AI) to help harness the power of exploratory data analysis and big data analytics to assist in the generation of test ideas and the interpretation of test results, supported by advanced execution capabilities of the th2 frameworks suite.
Founded in 2009, the Exactpro Group is headquartered in the UK and operates delivery centres in Georgia, Sri Lanka, Armenia, and the UK and representative offices in the US, Canada and Italy, and as well as a global distributed network of consultants.
Are you interested in gaining a deeper understanding of your system, reducing costs, accelerating time to market, while maintaining operational resiliency and regulatory compliance? Visit us at exactpro.com.
Iosif is Co-founder and co-CEO of Exactpro – an independent provider of AI-enabled software testing and related development services for financial organisations. Founded in 2009, Exactpro has a client base of major exchanges, post-trade platform operators, banks and technology vendors across 25 countries.
In his professional career, Iosif has held many technology roles: software developer, performance testing department lead, technology architect – on a number of global financial industry initiatives. Iosif’s expertise at the intersection of high-availability systems and capital markets has enabled him to successfully facilitate technology transformations within exchanges, investment banks and clearing and settlement organisations in London, New York, Milan, Singapore, Sydney and other major financial centres.
Iosif is a co-author of ‘Introduction to AI Testing: Guide to ISTQB® CT-AI Certification’ released in September 2025 by BCS Publishing.
Iosif has organised several industry conferences, including EXTENT – Software Testing and Trading Technology Trends Conference. He frequently speaks at worldwide FinTech events organised by industry associations such as the FIX Trading Community, Futures Industry Association, the World Federation of Exchanges, the Zero Outage Industry Standard and others.