Data security

Using artificial intelligence to fight financial crime – a legal risk perspective

Ian Rodgers

The Head of the Financial Crime Department at the UK Financial Conduct Authority (the FCA), Rob Gruppetta, gave a speech on “Using artificial intelligence to keep criminal funds out of the financial system” in December 2017 (1). In it, he explored how artificial intelligence (AI) could potentially be used to prevent financial crime, and for Read More

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US Consumer Financial Protection Bureau guidelines for third-party financial data sharing

Jacob Reed

On October 18, the U.S. Consumer Financial Protection Bureau (CFPB) published nine principles for the protection of consumers in the emerging financial data aggregation industry. The CFPB, which is charged with ensuring consumer access to fair and transparent financial services, emphasized that the principles are not intended as guidance on existing laws and regulations and Read More

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