AI and Finance

Acting Comptroller of the Currency Michael Hsu said this week that “banking and finance sector should develop a shared responsibility framework with their artificial intelligence partners to address fraud, scams and ransomware attacks arising from AI.” It is noted that the U.S. Artificial Intelligence Safety Institute, within the National Institute of Standards and Technology, can develop a shared responsibility framework with its 280 stakeholder organizations.

Banking Dive | Banks, AI partners must share responsibility for safety: OCC’s Hsu