Enterprise Wide Architectures for Artificial Intelligence 7wData

The European Banking Authority (EBA) has conducted a series of meetings over the past few months to explore the state of the art of Artificial Intelligence (AI) adoption in the banking sector and identify the best regulatory approach for validation processes. These conversations bring to the surface important aspects regarding transparency of the algorithms, robustness of the processes, security of the applications, ethics of the decision-making. I am not new to discussing similar issues with regulators, given my professional risk management background to validate first internal models in the late 1990s. I was therefore pleased to join the debate and contribute with my experience and the IBM point of view. The banking industry experienced a period of "quantitative exuberance" in the 1990s and early 2000s.