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7/6/18 - Regulators Have Their Eye on AI

Promontory Chief Executive Officer Gene Ludwig published an op-ed in American Banker about what bankers can do now to ensure strong governance of artificial intelligence.

“Given AI’s potential, the industry can expect government will have an increasing number of questions about how banks are using this technology,” Ludwig said. “AI is likely to become an increasingly important tool in finance. But just like other powerful technologies, it has the potential to create regulatory problems if it isn’t used carefully.”

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