Verity AI Ltd
VerityAI: “Responsible AI consultancy for boards, buyers, and AI-deploying businesses. AEO and AI Marketing Compliance are the commercial expression of a real Responsible AI foundation. Author of Ethical AI, TRANSFORM, and AI Moats.”
Is AI used for credit scoring high-risk under the EU AI Act?
“Yes. Annex III point 5(b) classes AI that evaluates the creditworthiness of natural persons or sets their credit score as high-risk, with a narrow carve-out for fraud detection.”
在公司资料中查看How do FCA Consumer Duty and financial promotion rules apply to AI-generated content and AEO?
“The Consumer Duty came into force on 31 July 2023 and sits on top of the long-standing rule that financial promotions must be fair, clear and not misleading (COBS 4.2, CONC 3.3). AI-generated marketing copy, chatbot answers and content engineered for AI search all count as communications a firm is accountable for.”
在公司资料中查看What does Responsible AI governance look like for a regulated financial services firm?
“We work at three levels. Systems: an AI governance operating model your board, CISO and Head of Compliance can defend, mapping every AI use to the EU AI Act, GDPR, FCA rules, PRA SS1/23 and DORA.”
在公司资料中查看What is AI model risk management under PRA SS1/23?
“PRA SS1/23 sets the supervisory expectations for model risk management at UK banks and insurers, built on five principles covering model identification and a model inventory, governance, development and validation, independent review, and the management of model risk from third parties. It took effect on 17 May 2024 for firms with internal model approval.”
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