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AI Regulations for Financial Services: Japan

Perficient

On April 19, 2024, the Japanese government published new “AI Guidelines for Business Version 1.0” (the “Guidelines”). On May 22, 2024, the Council submitted draft discussion points concerning the advisability and potential scope of any future regulation.

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Accelerating insurance policy reviews with generative AI: Verisk’s Mozart companion

AWS Machine Learning - AI

Security and governance Generative AI is very new technology and brings with it new challenges related to security and compliance. Verisk has a governance council that reviews generative AI solutions to make sure that they meet Verisks standards of security, compliance, and data use.

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What is COBIT? A framework for alignment and governance

CIO

Difference between COBIT 5 and COBIT 2019 COBIT 5 was released in 2012, but by 2019 a lot of changes were introduced around compliance and regulation standards in the industry, most notably the adoption of the European GDPR framework for data protection laws.

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Enabling privacy and choice for customers in data system design

Lacework

In some cases these preferences may be due to regulatory requirements, and in other cases they may be due to the customer’s own risk appetite, privacy decisions, and/or internal guidelines. Similarly, APAC customers have their data hosted in the warehouse Australia region.

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Ground truth generation and review best practices for evaluating generative AI question-answering with FMEval

AWS Machine Learning - AI

By following these guidelines, data teams can implement high fidelity ground truth generation for question-answering use case evaluation with FMEval. Regulatory Framework References - Specify relevant regulatory frameworks or compliance requirements - Example: "What [Regulation] compliance requirements are specified for [specific process]?"

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Medical content creation in the age of generative AI

AWS Machine Learning - AI

However, medical content being highly sensitive, the generation process can be relatively slow (from days to weeks), and may go through numerous peer-review cycles, with thorough regulatory compliance and evaluation protocols. From a system design perspective, we may need to process a large number of curated articles and scientific journals.

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Simplifying RBI’s Mandate for NBFCs to Implement Core Financial Services Solution (CFSS)

Newgen Software

Furthermore, the platform enables comprehensive Management Information System (MIS) reporting, serving the dual purpose of meeting internal needs and fulfilling regulatory reporting requirements. The system supports single disbursal and various repayment modes, capturing essential banking and account details for efficient loan processing.