Cyber IT Supervisory Forum eBook

6 steps for implementing AI at your bank 1. Define “AI” 2. Understand the big picture

4. Identify AI use cases • Review/document current • Evaluate/prioritize new 5. Develop usage standards • Handling of IP, PCI, PII • Software dev guidelines • Mgt of use-case approval • Authorized AI tools 6. Evaluate 3 rd party partners • AI infra and data needed for targeted use cases • Open banking strategy

• Vision, objectives, values 3. Review elements of an AI implementation plan • AI infra, engineering, security • Regulatory compliance • Data management • Model risk • Communication • People and culture

strategy

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