<ul data-eligibleForWebStory="true"><li>AI has been a significant driver of innovation in financial services, but the unregulated adoption is coming to an end.</li><li>Global governments are working on legal frameworks to ensure transparency and accountability in AI systems.</li><li>The EU AI Act is the first comprehensive regulation, influencing AI regulations worldwide.</li><li>Financial firms operating in the EU must comply with the AI Act or face hefty fines.</li><li>In the U.S., state-level regulations on AI are emerging, with California leading in various AI-related legislation.</li><li>Federal guidelines by NIST are shaping responsible AI development.</li><li>Financial institutions must prepare for compliance with international and domestic AI regulations.</li><li>Employee training and customer transparency regarding AI regulations are essential.</li><li>Firms need to align with global standards like the EU AI Act to ensure compliance while leveraging AI-driven financial services.</li><li>Early action in adopting transparent and responsible AI practices will give firms a competitive advantage.</li></ul>

The End of AI’s Wild West: How New Regulations Will Reshape Financial Services in 2025

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