- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Steele Compliance Solutions on June 25 announced its acquisition of TransparINT, a technology company harnessing artificial intelligence (AI) to provide the next generation of compliance tools.
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As artificial intelligence (AI) continues to advance rapidly and organizations expand their usage to optimize efficiency and productivity, implementing internal AI policies to ensure regulatory compliance and minimize exposure remains a hot topic.
Regulators across the globe are chomping at the bit to supervise how businesses use artificial intelligence, prompting experts to encourage compliance to get involved in the decision-making process regarding the technology.
Eight large companies, including Mastercard and JPMorgan Chase, have been ordered by the Federal Trade Commission to provide detailed reports about their possibly secret use of artificial intelligence to track customers and use the information to set prices.
