As AI develops on an industrial scale, the regulations governing it are also extending further up the value chain to encompass decision-making and the ways in which it is used.
A leading center for artificial intelligence will necessarily be one in which a collective awareness of the risks and legal issues accompanies this technological transformation.
The banking and financial sector, which is already facing increased regulatory pressure, must actively prepare for this by reinventing some of its operational processes, while complying with new rules and implementing best practices necessary to integrate these new technologies with its regulated services.