This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Technology

Mar. 1, 2024

Banks on their own when it comes to governing AI use

Banks are more focused on using generative AI to combat security threats rather than integrating it into lending decision-making, with the potential for bias in data models weighing heavily.

The general counsel of a community development bank said federal regulators were making regular requests for details on how banks were employing artificial intelligence in their internal systems but warned that government legislation guiding the use of the technology “isn’t going to happen anytime soon.”

Richard H. Harvey Jr., an executive vice president, general counsel and director of compliance risk at Oakland-based Beneficial State ...

To continue reading, please subscribe.

Already a subscriber?

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)