Regulators vs. robots: AI under scrutiny

Remember The Jetsons? That cartoon imagined an optimistic future in which humans zipped off to work in flying cars and had sassy housecleaning robots like Rosey to make their lives more convenient. The show originally aired in the early 1960s, which means it’s now about 60 years old (wow!). More than six decades after The Jetsons’ creation, we still don’t have the flying cars, but in many ways, technology has moved us closer to the future imagined in the show – the paper newspapers of the 1960s have been replaced by websites and social media, maps have been replaced by GPS apps, and we all carry handheld computers (smartphones) with us wherever we go.

Technology has transformed financial services dramatically as well, with many credit union members (especially the younger generations) relying on technology to conduct their transactions, such as remote deposit capture, peer-to-peer payment transfers, and using online banking so they never have to step foot inside a branch.

 

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