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By KPMG - AI | Compliance in Control: Financial Services Regulatory Challenges
The adoption of artificial intelligence (AI) capabilities, as well as ongoing enhanced analytics and technology advances, is accelerating across financial institutions, creating evolving regulatory and compliance challenges. AI presents both existing and uniquely applied regulatory and compliance challenges that must be addressed in governance and controls upfront and ongoing. Regulators are currently looking to apply existing laws and regulations to define the parameters, or set the “guardrails,” by which they will evaluate AI. KPMG’s newest paper AI | Compliance in control: Financial services regulatory challenges, highlights the business drivers and actions organizations can take today to help mitigate regulatory and compliance risks.