Banks weigh how to embed GRC in AI
Having governance, risk, and compliance at the core of AI product development will offer explainability and auditability, bank execs said.
Aditya Ladia recently said he is skeptical of AI’s ability to drive business growth and change in risk management. And as a risk manager, he is responsible for safeguarding the institution’s interests.
“But when I put on my business hat, I’m more excited about [what AI can do] because I can do a transaction at probably five times the speed I could do it earlier,” said Ladia, head of investment banking technology for Singapore and global head of risk for digital operations at UBS. “I can build a
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