AI in Payments-Tech: Practical Expectations, Regulatory Concerns and Contract Terms

Payments

Fraud

MRC Vegas 2024

Clifford Chance, Sardine, NYCA

Mar 27, 2024

Presentations

Use of artificial intelligence to make decisions and generate content is accelerating. Businesses, consumers and governments are in for a bumpy ride while sorting out a host of operational and legal issues. This panel will discuss a broad range of practical issues for MRC members to consider as they work on product development, operations, and business relationships in a new and rapidly changing environment. Although our focus will be payments, we will touch on broader issues as well.

Learning Objectives:

Regulator roles
Issues arising in data transfer necessary for generating AI tools
Contract language trends
Financial crimes compliance expectations
Bias issues re customers
Differences across jurisdictions

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