Fed: What Are We Learning about Artificial Intelligence in Financial Services?

Fed: What Are We Learning about Artificial Intelligence in Financial Services?(federalreserve.gov)

3 points by gsanghera 7 years ago | 1 comment

gsanghera 7 years ago |

Very topical speech from the Fed on regulations (current and future) on AI in Banking industry.

tldr; Opaque AI models are OK in some areas such as fraud prevention and cyber security. But in other areas like consumer credit scoring, transparency is key.

gsanghera 7 years ago |

Very topical speech from the Fed on regulations (current and future) on AI in Banking industry.

tldr; Opaque AI models are OK in some areas such as fraud prevention and cyber security. But in other areas like consumer credit scoring, transparency is key.