AI and Data Governance, Non-negotiable in Finance
AI and Data Governance The New Non Negotiable in Finance: Integrating AI into finance makes Data Governance non-negotiable. While data has always been the core asset, AI's exponential demands such as velocity, volume, and variety, require a foundational governance. A directed data governance framework serves as the control plane and system of record for all AI-driven operations. This framework is essential for maintaining data integrity, security, and lineage, ensuring model auditability and regulatory compliance, and ultimately, maximizing the return on investment (ROI) from AI technology. Regulatory Reality: Regulators are no longer asking if you have AI governance, they are demanding to see it in action. For example, the EU's new AI Act establishes comprehensive, risk-based rules that directly impact financial institutions operating in the Euro area. Chapter vii is all about governance. Why Financial AI Demands Specialized Gove...