Explanation:
The correct answer is D.
For the implementation and assessment of Trustworthy AI, financial institutions need to align AI applications with technical standards that promote safety and soundness and ensure they also maintain the sanctity of ethical principles. This necessitates a notable level of regulatory engagement and continuous oversight, as well as a vigilant inspection of data sources and robust monitoring policies.
A is incorrect. Regulatory engagement and oversight are integral to the development of Trustworthy AI. Ignoring these would compromise the ethical integrity and safety of AI applications.
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Q.5684 In financial institutions, the implementation of Trustworthy AI requires careful consideration of ethical principles and regulatory standards. What approach must be taken to ensure AI applications in these institutions align with these ethical principles?
A
Forego any regulatory engagement and oversight in favor of agile AI deployment and competitive advantage.
B
Focus exclusively on performance improvements without regard to safety, soundness, or ethical considerations.
C
Rely purely on the advanced capabilities of AI technology and eliminate the need for any human intervention.
D
Align AI applications with technical standards promoting safety and soundness while also adhering to ethical principles.
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