Driving the responsible adoption of AI in banking, Saldo Bank's CEO Jarkko Maensivu recently shared an insightful perspective on "AI Regulation: shaping the digital future" at FIBE Berlin. 🧭 Saldo has used explainable AI models like XGBoost, achieving impressive gains of 6% improved fraud detection and 28% better churn modeling compared to traditional techniques. While prioritizing transparency and explainability for compliance, Maensivu highlighted opportunities to advance through flexible AI governance. He advocated for a shift towards approving the overall robust AI process versus static individual models. 💡 The true gamechanger? The ability to continuously retrain AI on real-world performance data for sustainable optimization. Maensivu outlined how this cutting-edge approach could propel the financial sector forward. While #FIBEBerlin may be over, the conversation around ethical AI innovation is just getting started. #fintech #banking #ai #airegulation #saldobank
Saldo Bank’s Post
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As AI continues to evolve, so does the regulations surrounding the tech. Discover why banks are being urged to prioritise accountability in their use of AI. #AI #banking
EU watchdog says banks must take full responsibility when using AI
reuters.com
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As AI continues to evolve, so does the regulations surrounding the tech. Discover why banks are being urged to prioritise accountability in their use of AI. #AI #banking
EU watchdog says banks must take full responsibility when using AI
reuters.com
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As AI continues to evolve, so does the regulations surrounding the tech. Discover why banks are being urged to prioritise accountability in their use of AI. #AI #banking
EU watchdog says banks must take full responsibility when using AI
reuters.com
