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FINOS AI Readiness Open Sourced

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Published on October 01, 2024
Author By ControlPlane

The FINOS AI Governance Framework marks a significant milestone in the financial services sector, with ControlPlane playing a crucial role in its development. As part of the core team, Vicente Herrera and Torin van den Bulk were instrumental in driving this initiative forward, showcasing ControlPlane’s expertise and leadership in cloud native security.

The framework is designed to address the unique challenges of deploying AI in financial services, ensuring safe and trustworthy adoption.

  • ControlPlane’s Contribution: Our team was fundamental in bootstrapping the initiative, reflecting our dedication to innovation and security.
  • Industry Impact: The framework is a ’living document’ that evolves with emerging threats, setting a new standard for AI governance in the industry.

It’s exciting to see how the FINOS membership has come together in a relatively short period of time to work on these important foundational guidelines for deploying AI in the complex and regulated financial services world. As the world awakens to the fundamental role open source AI will play in the economy, social improvement and responsible innovation, we welcome the addition of new landmark names and increased commitment of our existing members as we shepherd the industry beyond AI readiness and into building collaborative open source AI for such a critical infrastructure like financial services

– Gabriele Columbro, FINOS Executive Director

Morgan Stanley, GitHub, Microsoft, Scott Logic, Databricks, Provectus and Red Hat played a vital role in bootstrapping this initiative with us, and ControlPlane’s involvement underscores our commitment to excellence and our position as leaders in the field.

We invite you to explore the framework and join us in shaping the future of AI in financial services.