Artificial Intelligence And The Bank Of Thailand - Fin Tech - Thailand

Currently, no specific restrictions, conditions, or other concerns regulate the use of Artificial Intelligence (AI) tools by financial institutions. However, a guideline was published by the Information Technology Risk Supervision department of the Bank of Thailand (BOT) on using AI in the financial institution sector. AI developers should consider that one of the purposes of AI tools is to lessen human bias. Therefore, AI developers are advised to prioritize using sensitive personal data or factors, such as gender or skin color, in the development or decision-making process, both direct and indirect, to prevent any discrimination in decision-making process. Financial institutions must consider accountability in the processing of AI and be responsible for the performance of the AI, and there is no ambiguity in terms of responsibility.