Is AI the Solution to Regulatory Modernization?

1 minute read | July.27.2023

Partner Jerry Buckley moderated a recent panel discussion entitled "Is AI the Solution to Regulatory Modernization?" as part of the American Fintech Council’s “The Future of Finance Webinar Series.” Industry leaders discussed the opportunities and challenges of using artificial intelligence and machine learning to expand access to consumer credit and modernize regulatory compliance.

Topics included:

  • What is the financial regulator’s dilemma in embracing innovation and evaluating AI models?
  •  For AI models, what are some key considerations around due diligence given regulators’ focus on things such as credit ratings, loan terms, bank account fees and customer service?
  •  How can companies creating these tools address the warnings and concerns from regulators?

Watch the recording here.