“Make the transition from opaque, closed-off strategies to clear, understandable tactics through explainable artificial intelligence (XAI). Some banks are already leading the way. J.P. Morgan Chase, for example, has its Explainable AI Center of Excellence (XAI COE) to bring researchers together to advance XAI objectives. By embracing XAI, banks can unlock several benefits: https://internationalbanker.com/technology/from-black-box-to-open-playbook-bringing-transparency-to-ai-in-banking/
Tag: XAI
Unleashing the power of machine learning models in banking through explainable artificial intelligence (XAI)
“The emerging field of explainable AI (or XAI) can help banks navigate issues of transparency and trust, and provide greater clarity on their AI governance. XAI aims to make AI models more explainable, intuitive, and understandable to human users without sacrificing performance or prediction accuracy. Explainability is also becoming a more pressing concern for banking…
XAI—Explainable artificial intelligence
“For many critical applications in defense, medicine, finance, and law, explanations are essential for users to understand, trust, and effectively manage these new, artificially intelligent partners The purpose of an explainable AI (XAI) system is to make its behavior more intelligible to humans by providing explanations. Accuracy versus interpretability – Interpretability needs to consider tradeoffs…