In an age where the power of AI is growing exponentially, being able to harness the possibilities from such a technology is vital. Just as vital though, is understanding the ethical sphere around artificial intelligence.
FinTech Global recently spoke to Nathan Marlor and Andrew Parsons of Version 1, a digital transformation firm, to understand more about the challenges around navigating AI in financial services.
Founded in 1996, Version 1 is a leader in digital transformation, partnering strategically with global organisations to transform and adopt technology and drive innovation in a responsible way.
Some of the key topics touched in this interview include:
- Why ethics are such a major concern in financial services
- How firms can devise and implement ethical AI solutions
- How can FIs proactively detect and address instances of bias to uphold their ethical standards
- What are some of the most effective ethical AI initatives from around the world.
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