There have been big headlines in the world of AI over the past few weeks.

In this episode of Skadden’s “Fintech Focus” podcast, host Joseph Kamyar is joined by Nicola Kerr-Shaw to discuss AI safety within the fintech sector. They delve into recent developments, including the EU AI Act and the U.K.-U.S. landmark agreement on AI safety. The episode also covers key takeaways for financial service entities regarding the EU AI Act, practical compliance strategies for fintechs, contractual risks that are starting to emerge for businesses concerning client-facing AI tools and privacy questions surrounding safeguarding personal data in the AI space.

Name: Joseph Kamyar

Title: European Counsel, Corporate at Skadden

Specialty: “Fintech Focus” host and European counsel Joseph Kamyar advises on a wide variety of corporate transactions, including cross-border private mergers and acquisitions, fundraisings, joint ventures, corporate reorganizations and general corporate matters, with a particular focus on the financial services, technology and media sectors.

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Name: Nicola Kerr-Shaw

What she does: Counsel Nicola Kerr-Shaw, a key member of our global Cybersecurity and Data Privacy Practice and authority on AI-related issues, represents financial institutions, technology companies and other businesses in matters pertaining to AI, cybersecurity, data and privacy, and emerging technologies. She works in tandem with companies to creatively and effectively help them achieve their commercial goals.

Organization: Skadden

Words of wisdom: “Financial institutions have been using a form of AI for years and for a wide range of purposes. Financial services is also heavily regulated already. And so AI had therefore been developed within a sensible and controlled environment in a way which ensures continued compliance with financial regulation.”

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Fintech Focus is a podcast by Skadden, Arps, Slate, Meagher & Flom LLP, and Affiliates. This podcast is provided for educational...

On this inaugural episode of the “Fintech Focus” podcast — which will examine trends and developments throughout the fintech space — Skadden attorneys Joseph Kamyar and Azad Ali kick off a series that will look at the extent to which regulators are dictating fintech investment terms.

To begin the series, Joseph and Azad take a look at neobanks — which have been garnering much attention in the press — and reflect on how regulators have shaped neobank fundraisings over the past couple of years.They also provide insights into the shift in neobank fundraising strategies post-PRA guidance.

Name: Joseph Kamyar

Title: European Counsel, Corporate at Skadden

Specialty: Joseph Kamyar advises on a wide variety of corporate transactions, including cross-border private mergers and acquisitions, fundraisings, joint ventures, corporate reorganizations and general corporate matters, with a particular focus on the financial services, technology and media sectors.

Connect: LinkedIn | Email

Name: Azad Ali

What he does: Azad Ali leads Skadden’s U.K. and EU financial services regulation practice, which covers a wide spectrum of sectors including banking, investment banking, market infrastructure, fintech, asset management, insurance and regulated businesses generally in the London and European markets.

Organization: Skadden

Words of wisdom: “Common Equity Tier 1 is a key part of a bank's capital structure for regulatory purposes. It includes ordinary share capital, as well as other items such as retained profits. It is regarded as the highest quality of regulatory capital as it is the most loss absorbent and subordinated to other tiers of capital.”

Connect: LinkedIn | Email

☑️ Follow us on Twitter & LinkedIn.

☑️ Subscribe to Fintech Focus on Apple Podcasts, Spotify, or your favorite podcast app.

Fintech Focus is a podcast by Skadden, Arps, Slate, Meagher & Flom LLP, and Affiliates. This podcast is provided for educational and informational purposes only and is not intended and should not be construed as legal advice. This podcast is considered advertising under applicable state laws.

From Skadden, Fintech Focus is a podcast exploring the latest global legal and regulatory issues in the fintech space, from dealmaking and finance trends, to advancements in AI and digital currencies, to the implications of regulatory and enforcement priorities. Whether you’re an investor, CEO or in-house counsel, we’ll help you get up to speed quickly on developments impacting the fintech industry.

Disclaimer

Fintech Focus is a podcast by Skadden, Arps, Slate, Meagher & Flom LLP, and Affiliates. This podcast is provided for educational and informational purposes only and is not intended and should not be construed as legal advice. This podcast is considered advertising under applicable state laws.