The Financial Stability Board issued a report proposing a menu of 12 sound practices that financial institutions could apply to facilitate responsible AI adoption.
Details: The practices are designed to help the board and senior management of financial institutions as they consider business strategy, technology adoption, and risk management, with responses on the consultation report due by July 22.
ICBA Webinar Recording: A recording of this week’s complimentary ICBA webinar on its newly released guide to help community banks navigate the artificial intelligence security landscape is available on demand.
About ICBA’s Guide: Developed by members of ICBA’s AI Task Force, the Community Bank Artificial Intelligence Security Readiness Guide features eight sections on today's top AI security challenges, a 90-day action plan, and a consolidated checklist to help banks track their progress.
ICBA Resource Page: ICBA’s website now features a new AI topic page detailing ICBA efforts and community bank resources on AI issues.
