Big data and artificial intelligence: Principles for the use of algorithms in decision-making processes

Big data and artificial intelligence: Principles for the use of algorithms in decision-making processes

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Big data and artificial intelligence: Principles for the use of algorithms in decision-making processes

By German Federal Financial Supervisory Authority

The BaFin Principles establish preliminary minimum requirements for financial institutions using Big Data and AI/Machine Learning (BDAI). The paper aims to ensure the responsible and manageable use of complex, automated, and frequently recalibrated AI models while controlling associated risks like bias and lack of transparency.

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