AI Trust, Ethics, Transparency and Enablement
Kevin Telford · 2020
This chapter, titled beyond artificial intelligence (Al) Reg-Tech takes the reader to a vision where trusted financial services (FS) organizations embrace a standard of trust, ethics, transparency and enablement (TETE) framework. At the intersection of creativity and enabling technology lies an abundance of new products, services and infinite new data sources. This is labeled as intelligent empowerment (IE) human and tech augmentation. AI/machine learning (ML) are components within IE. The TETE proposal is an AI/ML trust framework to encompass the growth of IE, for measuring organizational trustworthiness. As AI tech and Internet of Things deployment carry on at pace, events such as social profiling of citizens’ data for FS decisions highlights a few FS challenges. TETE will be implemented as a global standard for FS. It will start with FS self-governing, using the TETE principles through organization collaboration, such as FCA and ICO.