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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Email: 2021-RFI-AI@cfpb.gov. Credit Decisions.

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Today’s Cyber Risk Management

Cisco

While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Regulatory Agencies Step Up.

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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

On its website , ChatGPT describes its limitations as may occasionally generate incorrect information, may occasionally generate harmful instructions or biased content, and has limited knowledge of the world and events post 2021. Vendor management due diligence, such as "Where can I find third-party reviews on the nCino loan operating system?";

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Where Are We Now? 2022 Data Science and AI Predictions Revisited

FICO

As a big step in that direction, Machine Learning Model Operationalization Management ( MLOps ) aims to provide “an end-to-end machine learning development process to design, build and manage reproducible, testable, and evolvable ML-powered software.” How FICO Can Help You Gain from AI: State of Responsible AI Report with Corinium.

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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary.