With the rise of AI technology, can RegTech protect us from the possibility of ‘Skynet’?

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By FINTECH Books Contributor, Nirvana Farhadi
Follow: @NirvanaFarhadi 

As a teen and to chagrin of my parents, I was never a girly girl, so it should come as no surprise to those who know me that one of my favourite movies was Terminator 2 Judgement day.

The movie was a sequel to the original Terminator, and it’s premise was centred around sending a an artificially intelligent Robot (the Terminator) back from the future to the year 1991 to save the main protagonist of the story, John Connor from being killed by Robots sent back by ‘Skynet’ – an artificial intelligence that had gone rogue and was initiating a nuclear holocaust called “Judgment Day” which was set to happen on August 29, 1997. To stop Connor, Skynet sends back a new Terminator, the T-1000, back in time to kill him.

The T1000 was the epitome of Evil! He was manipulative and menacing, it was an advanced prototype made out of mimetic polyalloy (referred to as “liquid metal”) that gave it the ability to take on the shape and appearance of almost anything it touched, as well as knives and other stabbing weapons. I remember, my stomach churning in anticipation whilst watching it, it was always one step ahead!

I was both fascinated and terrified at the thought of a future where machines would hunt and kill any remnants of humanity. I would reassure myself that it was an impossible fantasy created by Hollywood’s film makers. Now almost 26 years later, whilst humanity is far from being in danger of eradication by an evil malevolent Robotic empire, there are certain similarities in developing technology to this highly intelligent software.

Could the future of RegTech and it’s application to AI, prevent and protect us from becoming victims to the fallout of a fast paced evolving powerful artificial intelligence technology?