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AI and ethics

Publish date: 27 September 2019
Issue Number: 14
Diary: CompliNEWS Ethics
Category: Ethics

As decision-making factors using artificial intelligence (AI) become more accepted, pure economics might not align with the softer strategies of a bank. Many financial institutions are questioning how artificial intelligence must be governed within an organisation and how it can be taught to align with a bank’s brand and ethos, but without influence from human judgement. So notes Finextra in a recent posting.

While AI has dominated news headlines, the majority of global announcements and research has been around the ethics of the actual technology and how to manage or avoid bias in data. In April 2019 for instance, a fortnight after it was launched, Google scrapped its independent group set up to oversee the technology corporation’s efforts in AI tools such as machine learning and facial recognition.

Full Finextra article

Another articles in the Finextra series:

AI and enhancing the human element in financial services

 

Working Smart

By Lee Rossini

There is a quiet revolution under foot in how businesses are being managed. Now is the time to embrace the changes that have been taking place in the background as current management practices no longer work. These changes had started taking place in many industries before the appearance of COVID-19 and the imposed lockdown. Part of the change involves deploying technology and data far more effectively than is currently happening. To do so, business needs to adopt radically different and agile management practices. Why the need for change involving agile management practices? These practices enable businesses to cope with continuous change and to flourish in the future.

 

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