Ted Kaouk, the agency’s chief AI and data officer, said the derivatives regulator is undergoing a “significant” overhaul of its oversight capabilities thanks to the emerging technology.
Rapid technology shifts in the financial services sector make the power and agility of the cloud more critical than ever for federal regulators and policy makers.
The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.