How can companies make AI explainable?

There is a key topic that banks spanning the world are asking right now: how are they able to make AI explainable? This was the opinion of Wolfgang Berner, the CTO of RegTech firm Hawk: AI, who recently presented a keynote speech on the above topic. Berner remarked, "In heavily regulated areas such as combating money laundering, considerations as to how transparent and comprehensible the use of artificial intelligence is are entirely appropriate. Classic concerns about such a "black box AI" arise in particular when the decisions of the AI are too disconnected from the original data and when there is no transparency about the way the algorithms work." Hawk AI sees the key to trust and acceptance in the compliance industry in the high level of transparency.