PRMIA Vienna Chapter Meeting

Across industries, analysts expect a dramatic increase in adoption of artificial intelligence (AI) technology over the next few years. In financial services specifically, the appeal of AI technology is strong and growing, outpacing many other industries. According to number of surveys, the Artificial Intelligence comes with substantial benefits and the expectations are very high. But do these benefits come for free?

Some factions of the industry are already calling for a cautious approach toward AI. Leading the pack are model risk management and model governance professionals responsible for protecting their banks from losses caused by use of improper or inaccurate models. The banking regulators who are also concerned about the risks that using AI models entails are taking first actions by providing general principles and recommendations for use of AI in financial services.
As the industry increasingly adopts AI, it becomes essential to know how to confront the challenges raised by this promising technology.
Together with PRMIA and banking experts we will discuss how banks can balance the benefits with the risks introduced by AI.

Please note that this meeting will be conducted in English.       

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