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The State of Responsible AI in Financial Services

FICO

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

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America’s AI Bill of Rights is the Right Idea – and It’s About Time

FICO

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. I’m delighted that one of my key innovations for Responsible AI, the use of blockchain technology for model management governance , was recently awarded a patent by the U.S. FICO Admin.

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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.” Scott received his Ph.D. See all Posts. chevron_left Blog Home.

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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

Specific to artificial intelligence (AI), companies are reconsidering moonshot projects like self-driving cars ; Ford and VW exited their joint robotaxi venture, and Alphabet, with its Waymo subsidiary, is under particularly intense heat from activist investor TCI Fund Management. Here are my predictions for Practical AI in 2023: 1.

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FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

FICO

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

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