CBA Live is underway—and it’s already a hit!
This morning, 100 eager attendees gathered at 8 a.m. to dive into fairness testing of AI models.
Some of the key insights:
- The OCC is Stepping up: With the CFPB largely sidelined, the Office of the Comptroller of the Currency is filling the gap. Banks report that exams remain rigorous as ever, with examiners frequently consulting Washington for policy guidance on AI and a range of other issues.
- AI Fears Cross Party Lines: From “red” states like Texas and Virginia to “blue” states like Colorado and New York, proposed AI laws share striking similarities—and align with the Equal Credit Opportunity Act. By following federal rules, banks will be well-prepared for emerging state AI laws.
- AI Fairness = AI Quality: Understanding which populations your models serve—and which they miss—isn’t just about compliance; it’s about model quality and smart business practices.
- Generative AI’s potential: Gen AI is a game-changer for operational efficiency and customer experience—but only if you’ve tackled hallucinations and bias head-on.
The next few days promise even more engaging discussions.
Want to explore how automated fair lending testing and model validation can help your bank make more money and do more good?
Let’s connect—reach out to [email protected].
