New technologies are turbo-charging digital transformation and its regulatory landscape. Mark O’Conor, Sophie Lessar, Vinny Sanchez and Bennett Borden explore how AI is driving digital transformation within the financial services and insurance sectors. The discussion raises the question of whether sector-specific AI regulations are necessary. As technology advances faster than regulations, companies are advised to adhere to best practices and prioritise third-party risk assessments to navigate the opportunities and challenges of this transformative landscape.