AI's Role In Financial Services: Some Early Lessons

By Eamonn Moran (November 14, 2018, 5:50 PM EST) -- In a speech[1] delivered this week at "Fintech and the New Financial Landscape" in Philadelphia, Federal Reserve Board Gov. Lael Brainard discussed how technology is changing the financial landscape and the lessons being learned about artificial intelligence in financial services. This article seeks to provide some key takeaways from the speech for practitioners, with an emphasis on key compliance considerations relating to the use of AI in the provision of financial services....

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