How FCA could help tackle third-party risk in AI
UK regulator’s supercharged sandbox is designed to boost explainability and reduce reliance on vendors
Regulator anxiety has been a major obstacle to artificial intelligence adoption in the financial sector. The concern is understandable: to know whether the AI is trustworthy, regulators need financial institutions to be able to explain how the models arrive at their outputs. This can be challenging; but the UK’s Financial Conduct Authority has come up with a novel approach – why not play host to
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