Removing bias from KYC: The AI advantage
Listen now
Description
We’ve all heard rumblings about the potential bias-related risks AI can bring when models aren't properly trained or governed with plentiful, high-quality data. But, how many of us have paused to consider flipping this paradigm? Could our own bias on the subject of AI cause us to overlook how consciously-infused AI technologies could remove dangerous biases from our KYC and AML processes? In this thought-provoking conversation, host Alex Pillow discusses the topic with AI and ethics expert, Anna Nicolis, senior manager at Braithwate, who specializes in helping global institutions with risk and compliance challenges. Highlights of this episode include: a look at what the word “bias” really means; the root causes of bias in society and within AI technologies; where AI has potential to help eliminate bias in the compliance lifecycle; and the role humans and data play in governing AI models.
More Episodes
Open finance, API banking, Payment Services Directive (PSD2)...the concept of open banking can be called many things. But how exactly is this technology changing the world for risk and compliance professionals today and what potential does it have to mold the profession going forward? Join us...
Published 05/10/24
Published 05/10/24
What if your anti-financial crime program could build investigation models using sensitive data you may not have direct access to – in a totally compliant way? In this episode, we learn from Privacy Enhancing Technology (PET) expert, Michael Hughes, Chief Business Offer at Duality Technologies,...
Published 04/26/24