Inside AI Policy

September 20, 2024

Google offers take on role of AI in online payments ecosystem in comments to Treasury

By Charlie Mitchell / August 29, 2024

Google, a self-described “facilitator” in the online payments ecosystem, says such services are already covered by extensive regulation that should be “largely capable of managing AI adoption,” while citing the benefits of risk-based frameworks and federal guidelines in comments to the Treasury Department.

“Financial service regulators have long been monitoring technology adoption and innovation in the sector including the use of AI tools. Consequently, AI regulation is likely best addressed first through sectoral approaches that leverage existing regulatory expertise and...


Log in to access this content.


Not a subscriber? Sign up for 30 days free access to exclusive news and analysis on artificial intelligence regulations and more.