E.SUN Bank and IBM build AI governance framework for banking

E.SUN Bank, in collaboration with IBM Consulting, has developed a comprehensive AI governance framework tailored for banking, addressing critical challenges related to legal compliance, risk management, and accountability in AI deployment. This framework incorporates global standards such as the EU AI Act and ISO/IEC 42001, providing detailed guidelines for pre-deployment model testing, ongoing monitoring, data usage, and risk assessments to ensure AI systems are fair, transparent, and compliant with regulatory requirements. The initiative aims to facilitate the responsible scaling of AI applications across core banking operations like lending and payments, enabling financial institutions to integrate AI tools more