AI Report Digital - Flipbook - Page 14
CHECKLIST: NEXT STEPS FOR AI
Strategic Planning
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Is AI an area of strategic investment and operational focus for the bank?
•
Who should be in our cross-functional AI group? What groups or business lines aren’t
represented that need to be?
•
What guiding principles, ethical use policies and governance practices does the institution
need to create or strengthen to oversee AI?
Use Cases
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What is most important to the organization? How can AI assist in that objective?
•
How will we assemble use case pitches, and what methodology should we use to prioritize
them? How will we oversee the implementation of these projects, measure their outcomes,
and share lessons and takeaways?
•
What are applications of AI that could make employees more productive or accurate?
What work is being done manually that could be automated?
•
What AI capabilities do our existing vendors have that we could enable?
•
Would this use case be complex to implement or operate? Do we have the appropriate
staffing and expertise to manage it?
•
What data do potential solutions require? Is data quality important to this particular
application?
•
What is the quality of the data that we would use to train a model, and can we access it?
•
Can AI assist us with our data management strategy?
Due Diligence
•
How was the vendor’s model constructed and trained? What data was the model trained on,
and what data will it use? Is the model explainable?
•
What are our responsible AI practices, and what are our vendors’?
•
How will we keep our data secure? What are our vendors’ data privacy practices?
•
What are our vendors’ security protocols if the model is hosted on the cloud? What security
certifications does the cloud provider maintain?
•
Can our vendors share compliance documentation with us and our regulator?
12 | FINXTECH INTELLIGENCE REPORT
