May 18, 2023
The Office of the Superintendent of Financial Institutions (OSFI) partnered with the Global Risk Institute to release a report on responsible use of artificial intelligence (AI). This partnership created the Financial Industry Forum on Artificial Intelligence (FIFAI), comprised of a group of AI experts from the financial services industry, government bodies and academia.
FIFAI’s report focuses on four main principles to guide the use and regulation of AI in the financial industry:
Click on more information to read FIFAI’s full report: