Promises and Pitfalls: Addressing the Impact of AI Models in the Payments Industry
Wednesday, November 15, 2023 (1:00 PM - 1:50 PM) (EST)
Description
The payments industry has witnessed a rapid surge in the adoption of Artificial Intelligence (AI) and Machine Learning (ML) models in recent times, all aimed at enhancing accuracy, efficiency, and customer satisfaction. However, as the use of AI becomes more prevalent, there are valid concerns regarding the legal implications and potential regulatory, risk, and ethical considerations that may arise from its implementation. This informative session will dive into the potential promises and pitfalls of implementing AI models in the payments industry. Speakers will shed light on the various types of bias, fairness and explainability issues that could potentially manifest in AI models and approaches that legal practitioners can take to mitigate risks.
Speakers: Jess Cheng Member – Fintech and Financial Services Wilson Sonsini Goodrich & Rosati
Joseph Torregrossa Associate General Counsel Federal Reserve Bank of New York
Member Pricing: $120
Virtual Sessions/Workshops (unless otherwise indicated), Boot Camps, Accreditation Workshops such as AAP, APRP, and NCP, and half/full-day events are NOT included in Platinum Training Club benefits.
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