As the fintech industry continues to innovate with AI technology, understanding the legal implications becomes increasingly crucial. Our Director of Product Management Garrett Laird spoke with Fintech Nexus regarding the legal ramifications of using AI in underwriting and the importance of explainability. 💡 Key Highlights: -The impact of recent lawsuits and subpoenas on fintech companies. -How fintech firms are reevaluating their AI strategies to comply with evolving regulations. -Insights into best practices for integrating AI while mitigating legal risks. Garrett’s expertise sheds light on how fintech companies can navigate these complexities, ensuring they remain compliant while driving innovation. 🗞️ Read the full article here: https://lnkd.in/gs78v-DX #Fintech #AI #Compliance #Innovation #LegalTech #FinancialServices
I had the opportunity to speak with Tony Zerucha at Fintech Nexus back in May regarding the legal ramifications of using AI in underwriting and the importance of explainability. In our conversation, we covered topics such as: • How recent lawsuits and subpoenas are prompting fintechs to revisit their AI strategies. • The importance of aligning AI initiatives with current and emerging regulations. • Practical steps fintech firms can take to mitigate legal risks while leveraging AI for innovation. While AI certainly has a place in lending, understanding the legal landscape is crucial for both compliance and innovation. Check out the full article here: Lawsuit, Subpoena Have Fintechs Revisiting AI https://lnkd.in/g_G6iuVW