In an industry where transparency is vital, AI raises critical legal questions on whether financial institutions can trust the new technology.
While the use of artificial intelligence in the financial services industry is vast and varied, its opacity, referred to as the «Black Box» dilemma, presents significant challenges to the industry where transparency is paramount.
In his commentary published on «Reuters», British-American lawyer Joshua Dupuy highlighted the dilemma financial institutions and regulators are now confronted with in the adoption of AI for various purposes from fighting fraud and streamlining transactions to…
