On 18 December 2024, FINMA released Guidance 08/2024 on governance and risk management for artificial intelligence (AI) applications in supervised financial institutions. This new guidance outlines best practices for identifying and managing risks associated with AI. It builds on FINMA's earlier guidance in its 2023 Risk Monitor, which briefly addressed the use of AI in the financial sector. Read more: https://lnkd.in/dwTKubed.
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Pleased to share our latest L&S Insight, which Ariel Ben Hattar, Valérie Menoud and I co-authored, analyzing FINMA’s new guidance for the use of #AI by Swiss financial institutions.
On 18 December 2024, FINMA released Guidance 08/2024 on governance and risk management for artificial intelligence (AI) applications in supervised financial institutions. This new guidance outlines best practices for identifying and managing risks associated with AI. It builds on FINMA's earlier guidance in its 2023 Risk Monitor, which briefly addressed the use of AI in the financial sector. Read more: https://lnkd.in/dwTKubed.
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The Future of Risk Management: AI in DeFi The decentralized finance #DeFi space is rapidly evolving, and with it, the need for effective risk management solutions. #Artificialintelligence is playing a crucial role in enhancing security and stability in financial systems. At Vingt.io, we're committed to leveraging AI-driven solutions to protect our users' assets and ensure a seamless experience. By harnessing the power of AI, we're able to identify and mitigate potential risks more efficiently. Join the conversation and let's explore the possibilities of AI-driven risk management in DeFi! 🔗 https://t.me/vingtofficial #VGT #DeFi #RiskManagement #AI #Vingt
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Stay ahead of the curve and register for our upcoming webinar, “Compliant first AI: Risk management best practices for financial institutions in 2025.” Explore risk factors and mitigation strategies for AI in financial services and gain valuable insights on addressing third-party vendor risks associated with AI deployment. https://ow.ly/PTWs50TNs00
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Artificial Intelligence (AI) - Pour Demain: A regulatory framework for AI is vital to harmonise innovation with effective risk management. By establishing reasonable guidelines, such a framework ... http://dlvr.it/T9wK9Q
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Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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🚀 Enhancing AI Risk Management for Scalable Innovation 🚀 Swiss companies are on the cutting edge of AI innovation, but as they scale, effective risk management becomes crucial. Deloitte's latest insights reveal key strategies to navigate AI innovation with robust risk management: 1. Training and Awareness: Foster AI literacy and integrate AI risk into compliance training. 2. Balanced Oversight: Combine human oversight with automation to ensure accountability and scalability. 3. Risk Assessment: Leverage existing risk frameworks and adapt them for AI-specific challenges. 4. Clear Governance: Establish AI councils and define roles for effective oversight. As AI evolves, so must our risk management practices. Embrace a flexible, scalable approach to stay ahead in the AI race. 🌟 #AI #Innovation #RiskManagement #DeloitteInsights #SwissCompanies #AIRegulation #FutureOfWork
Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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Swiss companies are adopting #AI at a rapid pace, but are their risk management practices evolving to keep up? 🚀 Our latest article highlights the importance of flexible AI governance and staying ahead of emerging regulations like the EU AI Act. Discover how Swiss businesses are addressing AI risk management and preparing for the future. 💡 🔍Read more https://deloi.tt/4gDFZKr 🤝✨If you're interested in exploring these challenges further and exchanging ideas in person, join us in 📍Geneva on 22 Jan 2025 for an exclusive event ➡️ https://deloi.tt/4gG44Qy
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