
Artificial intelligence (AI) is rapidly transforming how compliance work is carried out, enabling tasks that once took hours to be completed within minutes.
However, for compliance officers, this speed and efficiency bring important considerations around security, accuracy, bias and accountability. Recent research highlights growing concerns within the financial services sector about whether existing technology risk frameworks are sufficient to manage emerging AI-related risks. When AI is used within compliance programmes, responsibility for outputs and controls remains with the compliance function, making effective governance essential.
This whitepaper explores how organisations can balance innovation with risk through a Responsible AI approach.
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