Artificial Intelligence Policy Considerations


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According to a recent survey of more than 11,000 professionals by Business Today, 43% of people are using AI in their jobs and of those 70% have not told their employer. This creates significant risks for an organization including data security, intellectual property, and fraud.

Artificial intelligence (AI) can be used by financial services organizations to help them optimize key functional areas such as marketing, analytics, forecasting, customer service, and more! AI provides a seemingly limitless number of possibilities to make life easier, but as with any new technology, there are also many risks that must be considered including privacy concerns, intellectual property protection, and cybersecurity threats. This is why organizations need an AI policy, even if they aren’t using it yet.

BAI has put together a document on artificial intelligence policy considerations to help financial services organizations know what they need to include in their AI policies. Key components of the document include:

  • Requirements and risks
  • Who is affected
  • Issues to be considered
  • Training requirements
  • And more


To learn more about how to make your organization’s AI policies more effective, download BAI’s “Artificial Intelligence Policy Considerations.”