EVERTEC INC (EVTC) has disclosed a new risk, in the Technology category.
Evertec Inc.’s reliance on artificial intelligence (AI) and machine learning (ML) carries inherent risks that could potentially damage its reputation and the efficacy of its products and services. The deployment of these advanced technologies is fraught with legal and regulatory uncertainties, and any missteps could lead to costly investigations or litigation, adversely affecting the company’s financial health. Additionally, the intellectual property landscape for AI and ML is still evolving, and Evertec’s failure to secure or defend its IP rights could enable competitors to capitalize on its R&D, thereby undermining its competitive edge.
Overall, Wall Street has a Hold consensus rating on EVTC stock based on 1 Buy and 1 Sell.
To learn more about EVERTEC INC’s risk factors, click here.
