Businesses in highly regulated industries often stumble over the so-called “black box” problem when they try to deploy artificial intelligence technology, which often automates tasks and generate outputs that cannot be readily explained.
Banks, in particular, are struggling to vet the transparency and interpretability of machine learning (ML) models and AI software that inform everything from fraud detection to asset traceability and provenance. HSBC is no different, but the British bank is using software that helps it instill trust in its algorithms, which are subject to biases, data drift and other issues that pose risks to businesses.
To read this article in full, please click here
(Insider Story)
Read More from This Article: HSBC banks on startup for AI guardrails during coronavirus crisis
Source: News