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Capital Markets, AI, and the need for governance

Collibra

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Not surprisingly, everyone was talking about Artificial Intelligence (AI). Already using AI?

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AI governance: Key for addressing the Executive Order on safe, secure and trustworthy artificial intelligence

Collibra

Discussions surrounding AI governance, regulation, and ethics have taken center stage. The United States government, along with many other countries, has recognized the need to establish a framework for responsible AI development and deployment. Personal data should be handled with care.

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UK Government and the Dubai International Financial Centre Issue Joint Statement on Data Bridge

Hunton Privacy

On December 15, 2022, the UK government and the Dubai International Financial Centre Authority (“DIFC”) issued a joint statement on the shared commitment to deepening the UK-DIFC data partnership. the pursuit of a closer UK-DIFC partnership on data flows as a way of realizing untapped economic growth.”.

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AI Governance: Why our tested framework is essential in an AI world

Collibra

As we speed into a new AI era, there’s a critical element that’s often missing when organizations rush forward in hyper-competitive markets to build scalable, trusted AI programs — and that’s AI governance. An AI governance framework offers a blueprint for how to create successful AI products.

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UK Government sets out proposals to shake up UK data protection laws

Data Protection Report

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. The deadline for responding to the consultation is 19 November 2021.

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Data Governance Tools: What Are They? Are They Optional?

erwin

Data governance tools used to occupy a niche in an organization’s tech stack, but those days are gone. The rise of data-driven business and the complexities that come with it ushered in a soft mandate for data governance and data governance tools. Data Governance Tools for Regulatory Compliance.

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CFPB’s Proposed Data Rules

Schneier on Security

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. This would change the economics of consumer finance and the illicit data economy that exists today.