Learn how banks can implement AI responsibly with ethical principles, data governance, collaboration, and continuous monitoring.
Many banks are under growing pressure to adopt Intelligent Automation and AI solutions for improved efficiency and customer service. However, without a strong ethical framework, these technologies can introduce data privacy vulnerabilities, algorithmic bias, and lack of transparency, ultimately eroding customer trust, attracting regulatory scrutiny, and damaging brand reputation. To responsibly implement AI in banking, institutions should embed ethical principles--including fairness, accountability, and transparency--throughout the entire lifecycle of AI projects. Involving: Robust Data Governance (ensuring data privacy and security, as well as regular bias audits), Cross-functional Collaboration (compliance, legal, IT, and risk teams working in tandem), Phased Deployment (running pilot programs and refining models before scaling), and Continuous Monitoring (ongoing oversight, explainability measures, and stakeholder feedback). By proactively addressing these elements, banks can strengthen their reputations, maintain regulatory compliance, and deliver reliable, customer-centric services powered by AI.
Add to Wishlist
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
- Definition of Intelligent Automation (IA) and AI in Banking
- Brief History and Evolution of AI Adoption in Financial Services
- Why Ethical Considerations Are Critical (Trust, Reputation, Compliance)
Core Use Cases of IA and AI in Banking
- Customer Service and Engagement
- Risk Management and Regulatory Compliance
- Operational Efficiency
Ethical Considerations and Pitfalls
- Data Privacy and Security
- Bias and Fairness
- Transparency and Explainability
- Accountability and Governance
Benefits to Banking Institutions
- Enhanced Customer Experience and Personalized Offerings
- Reduction of Human Error and Improved Accuracy
- Cost Savings and Increased Operational Efficiency
- Opportunity to Build Trust and Brand Reputation Through Responsible AI Practices
Challenges and Risks
- Data and Model Compliance With Evolving Regulations (GDPR, CCPA, PSD2, etc.)
- Integrating New AI Solutions With Legacy Infrastructure and Organizational Culture
- Ensuring Ethical Principles Are Upheld at Scale
- Balancing Innovation With Risk Management and Stakeholder Trust
Actionable Steps for Responsible Implementation
- Ethical Risk Assessment
- Robust Data Governance
- Phased Rollouts With Oversight
- Change Management and Training
- Continuous Monitoring and Accountability
Future Trends in AI and Banking
- Ethical AI Regulations on the Horizon (EU AI Act, Global Data Laws)
- Rise of Explainable AI (XAI) Frameworks for Risk Assessments
- Potential of AI-Driven Hyper-Personalization, Balanced With Privacy Safeguards
- Collaboration Between Banks, Fintech, and Regulators to Set Ethical Standards
Case Studies and Examples
- Bank Successfully Integrating Ethical AI Checks in Loan Approvals to Reduce Bias
- Fraud Detection System That Prioritizes Explainability for Regulatory Compliance
- Fintech Start-up Leveraging Federated Learning to Respect Data Privacy Across Multiple Institutions
Conclusion and Q&A
- Recap of Main Points With Ethical Takeaways
- Emphasize That Responsible AI Adoption Is an Ongoing, Iterative Process
- Open the Floor for Questions and Group Discussion
Add to Wishlist
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 19, 2025.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David Hatami, Ed.D
EduPolicy.ai/ScholarBar Education LLC
Dr. David Hatami, Ed.D.
- Leading expert in AI Ethics, AI Policy Development, and Higher Education Leadership, serving as Managing Director of an AI educational technology consulting firm, EduPolicy.ai
- Respected speaker and presenter at national conferences, educational institutions, and industry events focusing on artificial intelligence ethics and policy implementation in academic and corporate settings
- Expertise is showcased through various published works in professional journals and industry publications.
- Serves on multiple AI ethics committees and provides consulting services to colleges and universities nationwide, focusing on responsible AI implementation and policy development
- Doctor of Education in Higher Education Leadership & Administration, along with two master’s degrees, the first in English Literature and the second in Higher Educational Leadership
- Can be reached at 727-741-7748 or via email at [email protected]
Add to Wishlist
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
