Banking
Controlling Skynet: Regulatory Risks in Artificial Intelligence and Big Data
Melanie Brody, Eric T. Mitzenmacher, and Joy Tsai
Technological advancements constantly reshape America’s banking and consumer finance ecosystem. Today, artificial intelligence (“AI”) is among the most intriguing technologies driving financial decision-making. Powerful enough on its own to warrant significant investment, AI has even more transformative potential when coupled with industry momentum toward greater use of “big data” and alternative or non-traditional sources of information.