Responsible AI With Model Risk Management

The desire among financial institutions to better mitigate risk gained renewed prominence as a result of the financial crisis of 2008. Subsequent regulatory and governance requirements fostered interest in risk modeling and sophisticated forecasting based on artificial intelligence (AI) to improve outcomes. It now seems common to have AI-driven models supporting decision making related to … Continue reading “Responsible AI With Model Risk Management”

Explainable AI goes mainstream. But who should be explaining?

Bias in AI is an issue that has really come to the forefront in recent months — our recent blog post discussed the Apple Card/Goldman Sachs alleged bias issue. And this isn’t an isolated instance: Racial bias in healthcare algorithms and bias in AI for judicial decisions are just a few more examples of rampant … Continue reading “Explainable AI goes mainstream. But who should be explaining?”