Episode 4: Can Financial Services Firms Trust AI?
AI offers enormous opportunities for efficiency and innovation, but regulated firms must also manage new risks associated with artificial intelligence. Issues such as hallucinations, explainability, transparency, governance, and accountability are increasingly important for boards, compliance teams, auditors, and regulators.
Chris explains how successful firms are embedding AI into existing governance frameworks rather than treating AI as a standalone technology initiative. The discussion covers AI governance frameworks, explainable AI, audit trails and evidence, risk management controls, regulatory expectations, and human oversight.