U.S. Treasury’s AI Risk Report: Addressing growing AI capability gap
U.S. Treasury flags AI-specific risks in banking, emphasizes strongly the growing capability gap. Automated Model Generation could be the answer.
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Addressing bias with responsible AI
Understanding how bias can affect model development is important as AI tools are more broadly adopted. Responsible AI is undoubtedly an important topic. As financial institutions adopt AI and machine learning across their operations, it’s important that these powerful tools…
The Goldilocks algorithm: Detecting anomalies while respecting privacy
Transaction monitoring systems that generate excessive false positives lead to unnecessary invasion of privacy. Striking a balance between data protection and anti-money laundering can be a challenge. Like Goldilocks, regulators want financial institutions to get it just right. They shouldn’t…