20 ¡ MONEY
COVER STORY
ISSUE 53
LEGAL CHAIN MONEY speaks to legal tech professional Dr Ian Gauci and fintech expert Dr Abdalla Kablan at multidisciplinary law firm GTG Advocates & Wyzer, a firm binding law with tech to provide a one-stop-shop for clients in a world where technological developments are constantly pushing the boundaries. What is it that complements the two entities involved, that of GTG Advocates and Wyzer, to offer corporate, legal, regulatory and technological services under a single umbrella? The tie between GTG Advocates and Wyzer is nothing more than a representation of the recent developments and intersection in the realm of law and technology. GTG Advocates is a multidisciplinary law firm that has been heavily involved in the technological sector. Dr Ian Gauci, who spearheads Caledo’s legal team, is a leading technology lawyer and was one of the strategic advisors appointed by the Maltese Government on the National Blockchain
Strategy Taskforce. On the the other hand, Wyzer is a fintech company founded in 2017 by a team of technologists lead by Dr Abdalla Kablan specialising in Artificial Intelligence and Blockchain technology. While GTG Advocates focuses on assisting clients with corporate, legal and regulatory aspects, Wyzer focuses on assisting clients with technical advice such as system audits and technical administration, among others. What role do you see for artificial intelligence in the financial sphere? Has its potential been fully understood? The modelling of financial systems holds
great interest for researchers, investors and policymakers. Many of the characteristics of these systems, however, cannot be adequately captured by traditional approaches to financial modelling. Financial systems are complex, nonlinear, dynamically changing systems in which it is often difficult to identify interdependent variables and values. As a result of this intractability, researchers and investors have turned to artificial intelligence (AI) techniques to better inform their models, creating decision support systems that can help humans better understand complex financial systems such as stock markets. AI systems are much more efficient in identifying data patterns than humans are, which is beneficial for companies to understand their target audience and gain insight. Despite a lot of positive action towards the use of AI technology as a means of improving our financial sector, not all individuals have shared the same willingness to explore further horizons on such a subject.
