Comment from Ocean Systems Inc.
Ocean Systems Inc.SupportBusiness
Summary: Ocean Systems, Inc., a financial technology company providing BSA/AML compliance software, supports the proposed rule's shift toward an outcomes-based effectiveness standard and its inclusion of an innovation safe harbor for AI. The company requests specific implementation guidance regarding risk-proportionate standards for community banks, AI explainability, and tiered model governance to ensure smaller institutions can adopt new technologies without undue burden.
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