CFC WATCH NOW
How CFC is adapting to the evolving landscape of financial technology
“ We might craft a policy that ’ s perfect for today ’ s needs , but if there ’ s a regulatory change tomorrow , we ’ re back to the drawing board ”
STEVE BOWERS , FINTECH DEVELOPMENT MANAGER , CFC
As Steve explains : “ We can ’ t just apply a one-size-fits-all approach here . We need to really dig in and understand what each AI risk entails . Is there human oversight ? Who ’ s checking the algorithms ? What kind of due diligence is happening to ensure accuracy ?”
While CFC ’ s fintech policy form does not currently include a dedicated AI section , its policies accommodate AI-related liabilities .
“ If a client is legally liable for AI-related issues , our policies are set up to cfc . com 9