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AFME and PwC highlight concerns in AI and compliance report

AFME AI report image
Photo: AFME

Carmen Cracknell

2 min read
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The report looked at how firms are exploring AI deployment and how this affects their risk governance and compliance frameworks.

A report by AFME in collaboration with Pricewaterhouse Coopers (PwC), titled Artificial Intelligence: Challenges and Opportunities for Compliance, found that 41% of survey respondents identified “explainability”, or lack of transparency, as their top risk in relation to the implementation of AI.

The majority of firms surveyed (65%) do not currently have

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