News & Analysis as of

Artificial Intelligence Banks

Spilman Thomas & Battle, PLLC

Decoded - Technology Law Insights, V 6, Issue 5, June 2025

Why this is important: Banks are spending big on generative AI (genAI). That’s the thrust of this article. Two hundred U.S. bank executives were recently polled for a report published in April. That report showed that six in...more

Amundsen Davis LLC

5 Reasons Your Bank Needs an AI Policy (Right Now)

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Banks of all sizes must confront the rapid integration of artificial intelligence within their institutions (and everywhere, for that matter). AI tools are already widely used, often without proper oversight, as employees and...more

WilmerHale

How Banks Can Manage Risk As AI Adoption Expands

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Important signs are emerging that government attitudes and expectations regarding the use of artificial intelligence in financial services are shifting from what has been a cautious approach to a more permissive approach. ...more

Ballard Spahr LLP

Consumer Finance Monitor Podcast Episode: Private Civil Consumer Financial Services Litigation to Partially Fill CFPB Void - Part...

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The podcast we are releasing today is part 1 of a re-purposed webinar we produced on March 25 titled “The Impact of the Election on the CFPB - Part 4.” As a result of the diminishing impact of the CFPB on enforcing the...more

A&O Shearman

UK Financial Stability in Focus report: AI in the financial system

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The Financial Policy Committee (FPC) of the Bank of England (BoE) has published the Financial Stability in Focus report on AI in the UK financial system. The FPC considers the potential benefits of AI with its growing...more

Orrick, Herrington & Sutcliffe LLP

Fed’s Barr speaks on fintech-bank partnerships, generative AI

On April 4, Fed Governor Michael S. Barr spoke at the Federal Reserve Bank of San Francisco about how banks and fintech companies can work together to accelerate the adoption of generative AI in financial services....more

Spilman Thomas & Battle, PLLC

Promissory Notes - Banking & Finance Insights, Issue 1, March 2025

Welcome to our first issue of Promissory Notes - our banking and finance e-newsletter - for 2025. We developed this e-newsletter to address trending news and issues involving the banking industry. ...more

Quarles & Brady LLP

Warning! ChatGPT Exploit Used by Threat Actors in Cyber Attacks

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Members of the health care and financial industries, along with other industries that hold sensitive data, are warned that a ChatGPT vulnerability is being actively exploited by threat actors to attack security flaws in AI...more

Foster Garvey PC

Online Travel Update: Booking.com Expands AI, Chase Travel Rises, and a New Industry Podcast

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Happy Sunday afternoon from Seattle . . . Our Online Travel Update for the week ending Friday, March 7, 2025, is below. The past week was relatively quiet one, with only minor announcements by a few of the largest industry...more

A&O Shearman

Regulatory monitoring: EU version Newsletter - February 2025

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1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - BCBS: Work programme and strategic priorities for 2025/26 Status: Final - The BCBS has published its work programme and strategic...more

Troutman Pepper Locke

Banking Sector Girds for M&A Uptick in 2025

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Artificial intelligence is like a “baseline” that banks will implement for back-end operations, customer-facing tools like chatbots and digital banking services, said James Stevens, a partner at Troutman Pepper Locke....more

K&L Gates LLP

Managing Artificial Intelligence: The Monetary Authority of Singapore's Recommendations on AI Model Risk Management

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Introduction and Background - On 5 December 2024, as part of the Monetary Authority of Singapore’s (MAS) incremental efforts to ensure responsible use of artificial intelligence (AI) in Singapore’s financial sector, MAS...more

Rumberger | Kirk

FINRA Reminds Financial Firms How AI Use Poses Significant Risks

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These days, artificial intelligence is everywhere we look, and the financial services industry is no different. As AI use increases, regulatory bodies are updating their rules and guidelines detailing how companies should and...more

Blake, Cassels & Graydon LLP

Rapport du BSIF et de l’ACFC sur l’utilisation de l’IA dans les institutions financières fédérales et les risques connexes

Vers la fin du mois de septembre, le Bureau du surintendant des institutions financières (le « BSIF ») et l’Agence de la consommation en matière financière du Canada (l’« ACFC ») ont publié un rapport conjoint dans lequel ils...more

Blake, Cassels & Graydon LLP

OSFI and FCAC Report on AI Use and Risk at Federally Regulated Financial Institutions

In late September, the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC) jointly released a report describing the evolving risk landscape related to the use by...more

DLA Piper

Bank Regulatory News and Trends

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This regular publication from DLA Piper focuses on helping banking and financial services clients navigate the ever-changing regulatory landscape. In this edition: CFPB issues final rule on personal financial data rights...more

Goodwin

AI and Financial Stability: Questioning Tech-Agnostic Regulation in the UK?

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In our previous alert we mentioned a joint letter from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to the UK Government on their strategic approach to artificial intelligence (AI) and...more

Orrick, Herrington & Sutcliffe LLP

OCC releases call for academic papers on AI and finance

Recently, the OCC released a notice soliciting academic research papers on the use of AI in banking and finance for submission by December 15. The OCC is interested in topics such as addressing potential bias and disparate...more

ArentFox Schiff

DFS Issues Circular Letter Addressing Cybersecurity Risks Related to AI

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On October 16, the New York Department of Financial Services (DFS) issued a circular letter addressing cybersecurity risks related to the increasing use of artificial intelligence (AI) in relation to insurers, insurance...more

Orrick, Herrington & Sutcliffe LLP

Fed’s Cook delivers remarks regarding artificial intelligence

On October 1, Fed Board of Governors Member Lisa D. Cook delivered remarks titled “Artificial Intelligence, Big Data, and the Path Ahead for Productivity” at a conference organized by the Federal Reserve Banks of Atlanta,...more

Orrick, Herrington & Sutcliffe LLP

CFPB comments on Treasury RFI regarding artificial intelligence in finance

On August 13, the CFPB submitted a comment to the Treasury’s RFI regarding the uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector (the Treasury’s RFI was covered by InfoBytes...more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 12

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Miller Nash LLP

AI Strategy for Banks: You’ve Got This!

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When you think about artificial intelligence (AI), does your pulse start to race? Or are you excited to embrace it, but stuck in the quagmire of often conflicting, and even alarmist, information that seems to be coming at you...more

Dinsmore & Shohl LLP

Artificial Intelligence – Banking on our Future: How Will AI Impact Community Banks and Who is Willing to Lead the Charge?

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Bill Gates said in a blog post: “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get...more

Orrick, Herrington & Sutcliffe LLP

Acting Comptroller Hsu addresses AI integration risks and advocates for consumer financial health measures

On June 6, Acting Comptroller of the Currency, Michael J. Hsu, delivered two statements addressing distinct concerns regarding both artificial intelligence (AI) and consumer financial health. In the first statement at the...more

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