Future of Finance Lab Session 13 — AI Governance: What the AI Labs Don't Tell You | Mark Zanetich

In this session of the Future of Finance Lab, Lance Rubin sits down with Mark Zanetich, Director and Founder of Aegis and former Head of Technology Risk at Westpac, to unpack the governance, security, and compliance risks that come with AI adoption in finance. From shadow AI and data sovereignty to personal liability for C-suite executives, this is the session every finance professional needs to watch before their next AI rollout. Key topics covered: Shadow AI — what staff are doing with free AI tools that you can't see The 90-day AI governance framework: committee, risk register, policies, training Why enterprise AI is not risk-free — "all care, no responsibility" Personal liability under December 2024 Australian legislation — up to $2.5M per individual Australian Clinical Labs breach — $6.2M penalty and what the court actually found Who owns the AI relationship in your organisation (hint: nobody wants to) Westpac's Chief AI Officer role and what it signals Why 80% of Australian data breaches involve staff Data classification: high-risk identification data vs operational data The EU AI Act and GDPR — do they apply to Australian companies? ROT (Redundant, Obsolete, and Trivial) data in AI-enabled workflows Why education, education, education is the best defence 🔗 Resources mentioned: — Mark Zanetich on LinkedIn:   / markzanetich   Aigeus website: https://aigeus.com.au/ Lance Rubin on LinkedIn:   / financial-modelling   Model Citizn: https://modelcitizn.com Future of Finance Lab Knowledge Hub: https://modelcitizn.com/knowledge-hub/ AI-Powered Accountant Programme: https://maven.com/modelcitizn/ai-powe... 👉 Subscribe for more sessions on AI, finance, and the future of the profession. #FutureOfFinance #AIForAccountants #AIGovernance #CyberSecurity #FinanceLeadership #ShadowAI #DataPrivacy #Excel #AIPoweredAccountant #ModelCitizn #FractionalCFO #FinanceProfessionals