NH Nonghyup Bank Promotes Establishment of 'AI Governance'
[Asia Economy Reporter Eunju Lee] NH Nonghyup Bank announced on the 17th that it will be the first domestic bank to establish 'AI Governance.' To this end, it plans to conduct comprehensive consulting based on legal and AI expertise in collaboration with companies possessing AI technology capabilities.
NH Nonghyup Bank's 'AI Governance' is a management system including organization, policies, and processes to prevent the side effects of AI and secure trust in AI service providers. Plans include △ establishing AI ethical principles △ formulating internal AI policies △ diagnosing and evaluating AI utilization △ enacting internal regulations based on the Financial Services Commission's 'AI Guidelines in the Financial Sector.'
Through the establishment of 'AI Governance,' NH Nonghyup Bank expects to contribute to creating a stable AI ecosystem in the financial sector by △ strengthening customer protection related to AI utilization △ identifying and preventing new risks arising from AI use △ securing trust as an AI service provider.
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President Kwon Junhak stated, “Through this AI Governance establishment, we expect to enhance the sophistication and stability of AI services overall and present a standard model for AI governance in the banking sector,” adding, “We will strive to become a customer-centered digital leading bank that increases customer satisfaction and trust.”
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