Fintech Week in Review - June 2021
By EsqSocial Corporation 22/06/21
Federal Financial Regulators Extend Deadline for RFI on AI - On May 17, 2021, five financial regulatory agencies announced a deadline extension for the ongoing comment period on financial institutions’ use of AI from June 1 to July 1. The comment period seeks to provide regulatory agencies a deeper understanding of how financial institutions are using AI, including of what governance structures, risk management, and other controls are in place to manage its use; the challenges such institutions...
By: Perkins Coie