ABSTRACT

AI and the Evolution of Cloud Computing: Evaluating How Financial Data is Stored, Protected, and Maintained by Cloud Providers, Hearing Before the Task Force on Artificial Intelligence of the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, First Session, October 18, 2019   [open pdf - 3MB]

This is the October 18, 2019 hearing on "AI [artificial intelligence] and the Evolution of Cloud Computing: Evaluating How Financial Data is Stored, Protected, and Maintained by Cloud Providers," held before the U.S. House Task Force on Artificial Intelligence of the Committee on Financial Services. From the opening statement of Denver Riggleman: "Cloud services offer many benefits, both to financial institutions and consumers. And as been discussed by Ranking Member Hill and others, the work this committee is doing through both the FinTech and AI Task Forces is exploring ways to streamline compliance, lower regulatory costs, and also deliver an overall better, more affordable experience for American consumers. By utilizing the cloud, companies can do just that, help the consumer. Financial institutions are able to innovate and thrive in an environment that affords both scaleability and flexibility. There are, however, some risks when dealing with anything new, including technology and operations, which we look forward to discussing further in today's hearing." Statements, letters, and materials submitted for the record include those of the following: Paul Benda, Jordan Brandt, Meredith Broussard, Steve Grobman, and Alla Seiffert.

Report Number:
Serial No. 116-60
Publisher:
Date:
2020
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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