Eversheds Sutherland Data, Privacy and Cybersecurity’s Post

🔵 Gen AI & AI in Operational Risk Modelling  ORIC International Risk Forum🔵 Massive thank you to all participants of the recently concluded ORIC International Risk Forum, which focused on Generative AI & AI within Operational Risk Modelling processes within the financial services industry. This session provided a platform for insightful discussions on control frameworks, capital modelling, AI bias, Cyber risks, challenges and insights. Our appreciation extends to our distinguished speakers: Lukas Ziewer, Strategic Advisor / Founder, Fuseki Risk Insights Alexandra Ellis, Operational Risk Capital Senior Manger, Aviva Their expertise and engaging perspectives were invaluable to the success of this forum. 🗓️ Upcoming Risk Forum Announcement: ORIC International is excited to announce the next risk forum for our members, scheduled for October 16. This forum will delve into the intricacies UK Corporate Governance Code Provision 29 and how firms need to prepare and adapt. We invite all members to mark their calendars and join us for another session of rich discussions and knowledge sharing. Details will follow. For member firms seeking further information on future events or having any queries, please feel free to reach out to Lauren Kissick and me. 🔗 Key Contacts: thomas.dwyer@oricinternational.com lauren.kissick@oricinternational.com We are committed to fostering a collaborative environment for the exchange of innovative ideas and best practices. We thank you for your continued engagement and participation in the successful growth of our community. #ORICInternational #RiskForum #FinancialServices #AI #OperationalRisk #ProfessionalNetworking #IndustryLeadership #risk #riskmanagement #compliance #insurance #investment #banking #brokers #financialservices #internalaudit #pensions

Looking forward to discussing #AI later today in ORIC’s Monthly Risk Member Forum. Every Risk team in the industry will by now have at least the fundamentals of a framework how to manage the opportunities of AI. It is a good moment to start a conversation about common trends and emerging standards. What are the first risk events we are seeing in the context of AI adoption, and what may extremes be that companies need to be prepared for?

Hear from our CEO Sanjiv Nathwani as he describes what AI Operationalized means in our Summer edition of CTFSI Insights. At CTFSI, we're setting a new course for the purposeful application of AI in financial services operations. Explore what 'AI Operationalized' means and how it can transform financial services operations by integrating AI into everyday workflows. Learn from CEO Sanjiv Nathwani about the strategic use of AI to enhance productivity, agility, and risk management. Understand why we believe this approach is essential for modern financial operations. Read the full article here. https://lnkd.in/dhrPrHF4 #SummerInsights #FinancialServices #AI #Innovation #AIOperationalized #CTFSI"

Consumer companies should approach using #AI and #GenAI by thinking about three pillars: protecting the enterprise, educating the enterprise and expanding the enterprise. My colleagues, Milene Carvalho and Cordry Johns discuss how organizations can manage #risk while embracing these innovative new technologies.

AI is changing the game for enterprises. Humans still control that game. AI + HI on a bed of well-engineered workflow and sprinkling of pragmatism creates a recipe for rapid and dramatic transformation. ROI today, not tomorrow. #AIOperationalized.

Ready to leave audit errors in the dust? Propel your company into a new era of precision with AI. Master risk, enhance efficiency, and unlock strategic foresight—AI isn't just the future, it's your competitive edge today! #AIauditing #auditrevolution #technologyinbusiness, #innovativeauditing #digitaltransformation #futureofauditing #cuttingedgetech #businessinnovation #audittech #smartaudit #AuditInnovation #TechForward #ICG #KSA #InnovationConsultingGroup

Join us at SECtember.ai for an in-depth discussion on developing and implementing control frameworks for AI systems. Explore key topics like risk assessment, control design, monitoring, and auditing to ensure AI is deployed safely and responsibly. Register Now → https://bit.ly/3YhwjiS #SECtemberAI #CSAI #AI

Surveys of financial industry executives in Asia-Pacific find that the risks posed by traditional AI and generative AI (GenAI) are shaping current Chief Risk Officers’ (CRO) agendas. To be successful, financial institutions must strike a balance between offensive and defensive strategies — seizing the opportunity AI presents for risk mitigation. Join us as we discuss how to prepare for the AI tsunami that’s coming. Effective strategies to mitigate risk, and opportunities financial services organizations can capitalize on. Register here : https://bit.ly/4bHtITe #AITsunami #AI #financialservices

Insurers are now able to achieve unprecedented accuracy in risk assessment and fraud reduction through the use of GenAI, AI, and advanced data analytics. Learn more about this new technology shift, how insurers are using it and how to mitigate consumer impact in our latest blog post! 📈💡 #InsurTech #AI #DataAnalytics #RiskAssessment #GenAI #TechInsurance #AIininsurance #techtrends #FutureOfInsurance #InnovationInInsurance Read more here. https://lnkd.in/gv6ZFwHS

In a lively recent webinar, we teamed up with Rob Kuiper from ING to dive into their innovative use of #AI for spotting risky #ShellCompanies. Rob’s team crafted an AI model that scrutinizes over 400 traits in transactions to flag potential risk. They examine quirky things like rounded sums, offshore locales, PO box usage, and multiple entities sharing the same address. Thanks to #Quantexa, ING has also integrated elusive details like Ultimate Beneficial Owner (UBO) data and social links, uncovering intricate webs of connections. This enriched #data empowers ING's AI to pinpoint high-risk #shellcompanies with laser precision. Discover more: https://okt.to/jxCagF #DecisionIntelligence #RiskManagement #Sanctions