# Navigating the AI-powered development era in financial services

DevFeed: [Navigating the AI-powered development era in financial services](<https://devfeed.tech/articles/navigating-the-ai-powered-development-era-in-financial-services-7808.md>)

Original publisher: [Read original article](<https://snyk.io/blog/ai-powered-development-financial-services/>)

Author: Lawrence Crowther

Published: 2024-08-26T05:00:00Z

Content type: article

Language: en

Sources: [Blog RSS Feed | Snyk](<https://devfeed.tech/sources/blog-rss-feed-snyk.md>)

Topics: [Artificial Intelligence](<https://devfeed.tech/topics/ai.md>), [AI-assisted coding](<https://devfeed.tech/topics/ai-assisted-coding.md>), [Application Security](<https://devfeed.tech/topics/application-security.md>), [Vulnerabilities](<https://devfeed.tech/topics/vulnerabilities.md>), [Testing](<https://devfeed.tech/topics/testing.md>), [GitHub Copilot](<https://devfeed.tech/topics/github-copilot.md>)

Tags: [ai](<https://devfeed.tech/tags/ai.md>), [ai-assistants](<https://devfeed.tech/tags/ai-assistants.md>), [ai-assisted-coding](<https://devfeed.tech/tags/ai-assisted-coding.md>), [awareness](<https://devfeed.tech/tags/awareness.md>), [blog](<https://devfeed.tech/tags/blog.md>), [code-security](<https://devfeed.tech/tags/code-security.md>), [development](<https://devfeed.tech/tags/development.md>), [devops](<https://devfeed.tech/tags/devops.md>), [enablement](<https://devfeed.tech/tags/enablement.md>), [executive](<https://devfeed.tech/tags/executive.md>), [generative-ai](<https://devfeed.tech/tags/generative-ai.md>), [github-copilot](<https://devfeed.tech/tags/github-copilot.md>), [interest](<https://devfeed.tech/tags/interest.md>), [llm](<https://devfeed.tech/tags/llm.md>), [security](<https://devfeed.tech/tags/security.md>), [snyk-code](<https://devfeed.tech/tags/snyk-code.md>), [testing](<https://devfeed.tech/tags/testing.md>), [vulnerabilities](<https://devfeed.tech/tags/vulnerabilities.md>)

## AI overview

This article examines the rapid adoption of generative AI and AI coding assistants in Australian and New Zealand financial services. It explains that faster code production can increase insecure code, vulnerability-management burdens, and false confidence, and recommends embedding security practices such as threat modeling, software composition analysis, static application security testing, and application security posture management into development workflows.

## Source excerpt

Read on to discuss the current status of AI-generated code and how to safely utilize it in financial services.