Unite.AI

JANUARY 1, 2025

Similarly, in the United States, regulatory oversight from bodies such as the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) means banks must navigate complex privacy rules when deploying AI models. A responsible approach to AI development is paramount to fully capitalize on AI, especially for banks.

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Unite.AI

JULY 2, 2024

GDPR's stringent data protection standards present several challenges for businesses using personal data in AI. Similarly, the California Consumer Privacy Act (CCPA) significantly impacts AI by requiring companies to disclose data collection practices to ensure that AI models are transparent, accountable, and respectful of user privacy.

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Unite.AI

OCTOBER 20, 2023

AI models in production. Today, seven in 10 companies are experimenting with generative AI, meaning that the number of AI models in production will skyrocket over the coming years. As a result, industry discussions around responsible AI have taken on greater urgency. In 2022, companies had an average of 3.8

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Unite.AI

JANUARY 20, 2025

Ensures Compliance : In industries with strict regulations, transparency is a must for explaining AI decisions and staying compliant. Helps Users Understand : Transparency makes AI easier to work with. These safeguards ensure your data stays secure and under your control while still giving your AI what it needs to perform.

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Explainability Explainable AI AI AI 111

IBM Journey to AI blog

MARCH 4, 2024

Generative AI (gen AI) introduces transformative innovation to all aspects of a business; from the front to the back office, through ongoing technology modernization, and into new product and service development. We refer to this transformation as becoming an AI+ enterprise. Operations Incidents occur, even in an AI-first world.

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IBM Journey to AI blog

AUGUST 12, 2024

Regulatory insights: Current AI regulations in financial services Existing AI regulations in financial services are primarily focused on ensuring transparency, accountability, and data privacy. Regulators require financial institutions to implement robust governance frameworks that ensure the ethical use of AI.

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IBM Journey to AI blog

FEBRUARY 8, 2023

Adherence to responsible artificial intelligence (AI) standards follows similar tenants. Gartner predicts that the market for artificial intelligence (AI) software will reach almost $134.8 AI requires AI governance , not after the fact but baked into AI strategy of your organization. billion by 2025.

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