On July 5, 2023, the New York City Department of Consumer and Work Protection (DCWP) will begin enforcement of Local Law 144 (Law), which regulates employers’ use of “automated employment decision tools” (AEDTs) to screen...more
The New York Department of Financial Services’ (DFS) January 2019 insurance circular letter, which advised New York-licensed life insurance carriers on the use of external consumer data and information sources in...more
8/1/2019
/ Algorithms ,
Artificial Intelligence ,
Consumer Insurance Products ,
Cooperative Compliance Regime ,
Customer Information ,
Data Management ,
Discrimination ,
Financial Services Industry ,
Insurance Regulations ,
Life Insurance ,
New Guidance ,
NYDFS ,
Predictive Analytics ,
Regulatory Standards ,
Transparency ,
Underwriting
Following extensive consultations, the European Commission’s High-Level Expert Group on AI released ethics guidelines on the use of artificial intelligence. Three broad principles emerged from those guidelines, suggesting...more
We recently discussed the topic of risk management as it relates to artificial intelligence (AI) in financial services, and suggested certain tips for the financial services sector. This article is the first of a series that...more
5/2/2019
/ Algorithmic Trading ,
Artificial Intelligence ,
CFTC ,
EU ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
MiFID II ,
Policies and Procedures ,
Popular ,
Registered Investment Advisors ,
Risk Management ,
Robo-Advisors ,
Securities and Exchange Commission (SEC) ,
Securities Traders
Technology is rapidly changing the way investment advisers deliver services to their clients. Funds are now using a range of technology solutions, from advanced trading algorithms to artificial intelligence and machine...more
2/4/2019
/ Artificial Intelligence ,
Bias ,
Corporate Governance ,
Data Collection ,
Data Integrity ,
Data Management ,
Data Security ,
Financial Services Industry ,
FinTech ,
Investment Funds ,
Popular ,
Risk Management ,
Transparency