Video: Banks can use existing risk frameworks to help manage AI
Description:
Banks don’t need to start from scratch to manage AI risk. Steven Ramirez explains how existing risk frameworks and controls can help banks address the new risks created by AI.
Learn more at Generative AI Training & Prototype Workshop – Beyond the Arc
Transcript
Steven Ramirez, CEO of Beyond the Arc, FinovateSpring
AI creates new risk.
Banks know how to manage risk.
And I see that for banks, of course, you know how to manage risk. That’s what banks do.
Where should banks start?
So I think that’s where banks can really leverage the frameworks that they already have in place. You don’t necessarily have to create something completely new.
You can look at the controls that you already have and think about how those controls need to be adapted for AI.
Build on the controls you already have.
Adapt them for AI.
Beyond the Arc
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