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Audio
How Legacy Risk Practices Are Breaking Under AI Pressure
Andrew Moyad, CEO of Shared Assessments, exposes the flaws in current AI contracting practices for third-party risk. He argues traditional frameworks are dangerously outdated for today’s rapidly evolving AI systems. Financial institutions must move beyond checklist-style diligence and adopt contextual, risk-based approaches that align with both operational reality and ethical standards.
Jul 16, 2025
Andrew Moyad, Chief Executive Officer, Shared Assessments
Tags:
Vendor and Third Party Risk
AI and Technology (including Fintech)
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
Andrew Moyad doesn’t hold back - AI is breaking traditional risk management models, and financial services need a total mindset shift. In a world where AI evolves in real-time and decisions are increasingly delegated to automated systems, conventional contract clauses and long-form diligence templates are not just inadequate—they’re counterproductive. Moyad warns that blindly applying boilerplate cyber clauses to AI vendors creates negotiation gridlock and fails to reflect actual risk.
Instead, he calls for a smarter, layered approach rooted in strategic understanding. Not all AI i
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