From Richard Foster-Fletcher’s Talk
In October 2018, the Executive Committee adopted these Artificial Intelligence Principles. In addition, they have a governance model to ensure effective implementation within the company.
"At Scotiabank, our investment in AI goes beyond the implementation of new tools and technologies," says Lora Paglia, Senior Vice President of Global Risk Management, Analytics. "We are committed to being leaders in the development of principles, guidelines and training for the appropriate application of this powerful technology."
Since its launch in 2018, the Open Ethics initiative paved the way for the industry to fundamentally rethink how to deal with the information asymmetry between those who develop, deploy — and those who consume services, delivered via autonomous technologies, such as artificial intelligence.