Coinciding with London Tech Week and the UK's launch of a national AI strategy, we are pleased to launch today an update to our 2019 report on AI in Financial Services.
We are seeing increased engagement from regulators across the globe with respect to artificial intelligence, including in the financial services arena where AI is already having a profound impact. In this updated report, we explore developments in both the existing and evolving regulation of AI, and key legal issues that arise for businesses deploying this technology.
In each case we focus on the context of the financial services sector – in which AI use is now widespread – and draw on insights from our global team of fintech experts in fintech, financial regulation, data protection, antitrust and product liability.
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The legal framework is changing, so scanning for changes on the horizon has moved from a nice to have to an essential when deploying AI tools in finance. Getting the legal and regulatory structuring right upfront can make all the difference.