Compliance costs
Regulatory costs including independent audits, impact reports, dataset curation, continuous monitoring, system adaptation and hiring of specialists.
Source: The Economic Impacts of Regulating Artificial Intelligence on Latin American Emerging Markets: Innovation, Compliance Costs, and Digital Competitiveness (Academic research) · p.12
Reports that mention Compliance costs
- AI-Based Fraud Detection and Financial Risk ManagementAcademic research
- The RegTech Paradox: Balancing Compliance Costs and Digital Synergies in Indian BankingAcademic research
- Unused Strength: The Role of the State in the AI TransformationAcademic research
- A Critical Analysis of Financial Constraints on Grassroots InnovationAcademic research
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