Banks, and regulators, dealing with potentially transformative innovations like tokenization and artificial intelligence (AI) should consider three principles: innovate in stages, build the brakes while building the engine, and engage regulators early and often, the […]
Protecting consumers from unlawful discrimination created by automated systems using artificial intelligence (AI) and other emerging automated systems is the aim of a pledge made Tuesday by the federal consumer financial protection agency and three […]
Tokenization and artificial intelligence (AI) are two areas of financial innovation that may have the potential to deliver substantial benefits, a member of the Federal Reserve Board said Thursday. Speaking to a conference focusing on […]
Use of artificial intelligence (AI) tools is being considered by the regulator of national banks to enhance its monitoring of risks in the banking system, a top official at the agency told a congressional task […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
The application of artificial intelligence (AI) in financial services and risk management is possibly the target of a “request for information” to be issued by federal financial institution regulators, a governor of the Federal Reserve […]
The role of artificial intelligence (AI) and, within it, machine learning (ML), in the credit underwriting process is under review at the Consumer Financial Protection Bureau (CFPB), which highlighted in a blog post Wednesday the […]
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