Reduce GenAI Risks in Banking

Prepare for the Impact of GenAI Regulation on the Industry

Don't feel overwhelmed by the ever-changing GenAI regulations — this Gartner report highlights three regulatory scenarios to help financial services leaders prepare for a range of regulatory possibilities. 

Stay Ahead of the GenAI Curve With Gartner

There’s No Time to Wait for Regulations to Emerge

Assess the Risks & Benefits of Deploying GenAI in Your Organization

The Innovation-First Scenario

According to Gartner, “Policymakers create a regulatory framework that lays out general guidelines, but provides little oversight or enforcement power. Under this approach, policymakers err on the side of encouraging growth and innovation.”

The Harm-Reduction-First Scenario

According to Gartner, “In this scenario, policymakers create a strong regulatory framework that varies the degree of oversight for Generative AI use cases according to a perceived level of risk.”

The Surveillance-First Scenario

According to Garnter, “The level of oversight and enforcement is stringent in this scenario, with little room for error.”

Are You Ready for Future Regulation of Generative AI?

Regulation will seek to impact five major factors: bias prevention, model soundness, data privacy, data sharing, and human oversight.

The-three-scenarios-financial-services-leaders-can-use-to-prepare-for-a-range-of-regulatory-possibilities-on-generative-AI-are-innovation-first,-harm-reduction-first-and-surveillance-first--As-calls-for-regulation-from-multiple-areas-in (1)
background image

“Financial services leaders involved in the risk management of Generative AI use cases should collaborate with legal, compliance, risk, and other executives to establish a governance framework that is not only specific to Generative AI technologies, but also aligns with existing organizational risk frameworks. This framework should outline ethics, roles, responsibilities, and accountability for AI-related decisions to ensure compliance with both internal and emerging regulatory rules and guidelines." 

3 Scenarios to Plan for the Impact of GenAI Regulation on Banking


Prepare Now for New GenAI Regulations With Gartner

Gartner, 3 Scenarios to Plan for the Impact of GenAI Regulation on Banking, Financial Services Business Leader Research Team. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 

Copyright © 2024 Dataiku   |   All rights reserved   |   Online Privacy