Fintech Open Source Foundation introduces draft AI Governance Framework for financial institutions.

The Fintech Open Source Foundation (FINOS) has introduced a draft AI Governance Framework for financial institutions, developed by its AI Readiness Special Interest Group. This framework, which identifies 15 risks and controls for using large language models in finance, is intended to be a dynamic document that evolves with emerging threats. Industry leaders like NVIDIA and Moody's have joined the initiative, which invites broader participation to ensure safe AI deployment.

October 01, 2024
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