Fed Official to tell Congress AI offers banks better risk detection, cheaper services
Randall Guynn, the Federal Reserve’s supervision director, is set to testify Thursday before a House subcommittee on financial innovation
A top Federal Reserve official will tell Congress on Thursday that artificial intelligence promises to transform the banking sector — improving fraud detection, cutting costs and helping banks better serve customers — while cautioning that regulators must stay vigilant about the technology’s risks. Randall D. Guynn, director of the Fed’s Division of Supervision and Regulation, is […]
