Perspectives

Episode 21: Can artificial intelligence be trustworthy?

Regulated Radio podcasts

AI holds the potential to revolutionise the financial services sector. Regulators are supportive, but also alert to the risks that AI might pose to markets and customers if not managed properly. Social pressure is also mounting on firms to ensure their use of AI and consumer data is ethical. In this episode, we speak to Reny  Vargis-Cheriyan and Suchitra Nair about the commercial and regulatory trends around AI in financial services, and the role of AI ethics. Tune in and hear their views about how firms can take advantage of this cutting-edge technology while keeping regulators convinced that their AI is trustworthy.

Key questions:

  • How is AI being used in the financial services sector today?
  • What is ‘trustworthy AI’ and why is this an important concept for firms to think about?
  • What expectations do regulators have of firms that are increasingly relying on AI?
  • What are the steps that financial services firms should take when they are thinking about deploying AI solutions?

Speakers

Reny Vargis-Cheriyan
Partner

Reny is a Partner in the Risk Advisory practice within Deloitte specialising in the application of advanced analytics for the Insurance market. She has 16 years’ experience in Data and Analytics and specialises in executing data and technology driven projects for oversight and operational functions.

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Suchitra Nair
Director

Suchitra is a Director in the EMEA Centre for Regulatory Strategy (Centre) and leads the Technological Innovation and Regulation work. She focuses on the strategic impact of regulation on innovation and the evolving response of regulators and regulated firms.

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Scott Martin
Senior Manager
EMEA Centre for Regulatory Strategy

Scott is a Senior Manager in the Centre for Regulatory Strategy advising on international banking regulation, with a particular focus on bank capital, strategy, cyber risk and public policy-making processes.

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Transcript

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