Artificial Intelligence

NYDFS SUPERINTENDENT HARRIS UPDATES WASHINGTON BANKING CONFERENCE

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Speaking at the Institute of International Bankers Annual Conference in DC, Superintendent Harris discussed the following: •      CHARACTER AND FITNESS FOR BANKING EXECS: Superintendent Harris responded to “the buzz” about this recent DFS guidance, saying it should be unsurprising that regulated banks would want to screen out personnel in sensitive positions with criminal records, dire financial problems, … Read more

NYDFS SEEKS COMMENT ON ARTIFICIAL INTELLIGENCE GUIDANCE FOR INSURANCE CARRIERS

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•   DFS has issued draft guidance that “outlines DFS’s expectations for how insurers develop and manage the integration of external consumer data and information sources (‘ECDIS’), artificial intelligence systems (‘AIS’), and other predictive models to mitigate potential harm to consumers.” •   According to DFS: “The use of external consumer data and information sources (‘ECDIS’) and artificial intelligence systems … Read more