The Financial Stability Board has issued a report outlining 12 “sound practices” financial institutions should consider for responsible AI adoption.
Artificial Intelligence
Posted inThird Party Risk
The State of AI Governance in Third-Party Risk
In this session, ECI CEO James Lindstrom and Integrity Bridge CEO Andrew McBride look at where AI governance stands today, including recent cases where vendors’ unmanaged AI use led to fabricated citations and exposed personal data.
Posted inArtificial Intelligence
Compliance spend on AI rising, but fears about accuracy, reliability remain
Organizations are increasing their investments in AI to support compliance and due diligence, but many remain wary of the reliability and accuracy of the technology’s outputs.
Posted inArtificial Intelligence
Fears grow over companies’ use of cheaper, potentially dangerous Chinese AI
Regulators and national authorities worry that companies may be unwittingly exposing themselves to significant risk by adopting cheaper Chinese-made AI tools or using available “open-source” software that may also rely heavily on Chinese AI.
Posted inArtificial Intelligence
AI leaders fear rapid tech deployment is encouraging staff to bypass governance processes
Human compliance risks are a critical weakness in AI governance. According to an EY US report, 47% of AI decision-makers know their organization has bypassed corporate governance processes to deploy AI faster.
Posted inArtificial Intelligence
Hong Kong regulator sets accountability, resilience, trust rules for bank AI
Hong Kong’s banking regulator unveiled an AI framework focused on accountability, resilience and trust as financial institutions accelerate responsible artificial intelligence adoption.
Provided by
From AI Outputs to Compliance Decisions: A Practical Guide for Compliance Professionals
AI is changing how compliance teams find information, assess risk, and support business decisions, but not every AI-enabled workflow is appropriate for every task.
Provided by
AI in the Audit Room
Most organizations now use AI, and most have a policy for it. Far fewer test whether that policy works. When errors surface, it’s often internal audit that finds them, after the output has already reached the board, a regulator, or the public.
Posted inArtificial Intelligence
‘Rogue’ AI raises liability and insurance questions for developers and deployers
Insurance companies anticipate multi-million-dollar claims if AI developers are sued over AI wrongdoing. Recent examples of AI autonomously hacking third-party systems and evading controls have increased concern about liability cases for both developers and deployers.
Posted inArtificial Intelligence
Securing AI systems from cyber threats is a top priority, according to PwC’s Global Digital Trust Insights Survey
Cyber threats against AI systems are a top threat that business and security leaders say they feel least prepared to address, according to PwC’s 2027 Global Digital Trust Insights survey.