A FinTech company using AI for credit risk assessment needed to ensure compliance and protect its algorithms.
AI-based FinTech secured compliance with the AI Regulation
Background information
Key actions
- Classification under the AI Regulation and risk management.
- IP strategy with patent protection and license agreements.
- Advice on data access under the EU Data Act.
Outcome
The client was able to expand its AI services with legal support that ensured innovation, data sharing and compliance.
Sector
FinTech & AI
Needs
Intellectual property rights
Solution
Compliance & IP protection
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"Eris is the goddess of discord and dispute in Greek mythology and also the name of a planet discovered in 2005. The planet Eris kicked Pluto out of the list of planets and metaphorically for our law firm, Eris is the planet, the new player, stepping in, and out, to take the field.
