FINOS launches AI Readiness as the cornerstone effort of an industry-wide open-source AI initiative for Financial Services. [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
and Provectus collaborate to develop a governance framework for the onboarding, development and running of AI-based solutions within financial services. NEW YORK, April 30, 2024 BUSINESS WIRE )--The Fintech Open Source Foundation ( FINOS ), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG) as part of its broader pioneering artificial intelligence (AI) strategic initiative. This SIG will create a collaborative environment for industry leaders to collectively develop frameworks and policies designed to enable the effective, safe, trustworthy and compliant deployment of generative AI technologies. The aim is to replicate the major impact the FINOS Open Source Readiness Program made in open source adoption in the industry. An impressive roster of FINOS members have signed on to advance this initiative including Citi, Scott Logic, Morgan Stanley, and ControlPlan
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