Technology's Legal Edge

A Global Technology Sector Blog

Compliments of our colleague Imran Syed, Legal Director, IPT London. As a new era of artificial intelligence (AI) technologies emerges, companies in almost every industry are exploring how they can use AI to drive improvements to their business. After all, the commercial gains are tantalizing, offering businesses a better understanding of their operations and their customers than ever before, as well opportunities for significant cost reduction and quality improvement. Yet harnessing the benefits of these…
Artificial intelligence is growing dramatically – it is not just a household word but a key part of many households, and it is also increasingly essential to business. What do we see in the near term for AI?  How can businesses exploit potential AI-limiting legal issues? Is the AI the new electricity? Here are our top three predictions on the future of AI and IoT.…
The market for companies working at the intersection of real estate and technology is seeing explosive growth, as innovative new forms of technology impact how properties are constructed, occupied, managed, bought and sold. Proptech is designed to streamline and connect processes for participants in all aspects of the real estate market, including builders, buyers, sellers, brokers, funds, lenders, tenants, landlords and property managers. Although it’s still an emerging field, proptech is being driven forward rapidly…
Implementation of artificial intelligence has risen significantly in the last year, impacting platforms, tools and applications around the world, in fields as diverse as healthcare, retail, agriculture and more. As an increasing number of industries begin opting for solutions based on machine learning, here are seven of the top AI trends that we have seen in 2019 and a prediction of what we think will come in the near future: AgTech: Startups and incumbents are…
On  June 28th, 2019, the UK Financial Conduct Authority (in response to an Opinion published by the European Banking Authority) published a statement on the possible delay of enforcement against businesses that, by September 14th, 2019, will not have met the Regulatory Technical Standards for Strong Customer Authentication (SCA) in relation to e-commerce card payments. The 14th September deadline was originally set under the Second EU Payment Services Directive, and the UK Payment Services Regulations.…
Part 1 – Blockchain-based smart contracts and transactions automation The traditional real estate industry is being reshaped by the emergence of blockchain technologies, artificial intelligence, and the Internet of Things. These technologies help real estate “incumbents” execute transactions more efficiently and consistently. But this is only a small part of their impact. The more disruptive change created by PropTech technologies is the evolution of new business models that transform operations and create new revenue streams.…
Companies that use chat bots to interact with users in California now must comply with a new California law that is already in effect.  The new law, which requires clear and conspicuous disclosures when bots are used in online communications in California, aims to reduce confusion and deception online.  For more about what this new California law requires, check out the alert our colleague Carissa Bouwer put together, Who’s that bot?
Introduction A recent decision by the UK financial services regulators, the Financial Conduct Authority and the Prudential Regulation Authority, to fine a retail bank serves as a reminder to both customers and technology vendors and service providers to the financial services sector to ensure that their services and contracts include adequate safeguards. Background On May 29, 2019, R. Raphael & Sons plc., a UK independent retail bank, was subject to separate fines of £775,100 from…
AI is disrupting outsourcing. Lawyers and those involved in the contracting process need to understand that this means revisiting the way that contracts address various issues, and revising them accordingly. It is a rare outsourcing project these days that does not have automation or AI/machine learning as an important – if not key – component. In the business process outsourcing (BPO) world in particular, the possibilities for the application of greater degrees of automation and…