AI and ML Governance in Financial Services: Balancing Innovation, Risk, and Equity

The financial sector is at a pivotal juncture, grappling with unprecedented AI integration alongside mounting regulatory scrutiny.

Despite the abundance of technical resources, there remains a significant gap in accessible governance models tailored to the financial context. This book fills that void, providing practical guidelines and frameworks that align technological innovation with legal, ethical, and societal considerations. Governing AI and ML in Financial Services presents a comprehensive governance blueprint tailored specifically for financial institutions navigating the rapid evolution of Artificial Intelligence (AI) and Machine Learning (ML). As AI-driven tools become integral to decision-making, risk management, and customer engagement, the need for effective, ethical, and compliant governance frameworks has never been greater.

This book aims to empower financial leaders, compliance officers, data scientists, academia, and regulators to implement responsible AI practices that foster innovation while safeguarding against risks and promoting equity.