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Making model risk management easier for Banks and Financial Services

🚨 AI Regulation is Here: Are You Ready? 🚨 The EU AI Act is set to redefine how banks manage AI risk. With the financial sector being a key adopter of AI, it’s crucial to align strategies to stay ahead of these upcoming regulations. Our latest paper outlines four actionable strategies for seamless compliance: 1️⃣ Classify Now: Develop a comprehensive understanding of your model risk profiles using a robust inventory and classification framework. 2️⃣ Comply by Design: Embed compliance into your model development processes from day one. 3️⃣ Prioritise People: Invest in AI literacy and oversight to mitigate misuse and misunderstanding. 4️⃣ Become Agile: Use adaptive technologies and centralised platforms for continuous risk management. Unlock the full paper and future-proof your AI governance. 💡 👉 https://lnkd.in/eUnA36dt #AI #EUAIAct #ModelRiskManagement #FinancialServices #Compliance

Download Our Technical Brief: The EU AI Act

Download Our Technical Brief: The EU AI Act

https://validmind.com

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