AI/ML Ethics – What Will it Take to Trust the Model

AI/ML Ethics – What Will it Take to Trust the Model

If only AI was as simple as a robot underneath… Artificial Intelligence (AI)/Machine Learning (ML) and model risk management is a topic I’ve addressed in prior blogs.  The image of HAL from 2001: A Space Odyssey and its nefarious actions is burned into many people’s...
What Does it Mean to Be Risk Resilient?

What Does it Mean to Be Risk Resilient?

The last fifteen months have challenged us from both a physical and financial risk perspective. The term resiliency has been used to both boost us up and describe what our overall goal is. But what do we mean when we say we want to be or are resilient? “A good half of...
AI/ML: The Future of Risk Modeling?

AI/ML: The Future of Risk Modeling?

No, not this kind of AI. A few years ago, I was attending a session on using AI in the financial services industry (I will ignore the definitional vagueness of AI – marketing versus concept).  The speaker was focusing on compliance and, in particular, Anti-Money...
Preparing for Climate Risk as a Community Bank

Preparing for Climate Risk as a Community Bank

” Climate is what we expect, weather is what we get.” - Robert Heinlein With the weather in Texas and the damages caused by Winter Storm Uri continuing to dominate the news cycles, I’m reminded of Heinlein’s quote, especially in the scope of forecasting. Climate is...