AI Projects in Financial Supervisory Authorities
Year: 2025
Type: article
Abstract: This paper discusses the imperative for financial supervisory authorities to enhance their toolkit through the adoption of Artificial Intelligence in response to the growing digitalization of financial services. It aims to assist authorities in safely and effectively overseeing applications of Artificial Intelligence in the financial sector by proposing a tailored project management methodology for implementation of Artificial Intelligence by financial supervisory authorities that address unique risks and align initiatives with strategic goals. Key challenges, including ensuring explainability and mitigating bias, with a focus on stakeholder collaboration, are emphasized, alongside prerequisites for successful deployment, such as robust governance frameworks and adequate resources.
Source: IMF Working Paper
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7084502207