Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
VF2018 Silver Partner: FINTRUX NETWORK
FintruX Network | Conrad Lin | November 7, 2018
Making Unsecured Loans Easy, Fast, and Highly Secure
FintruX Network is the true P2P lending ecosystem built on the blockchain, powered by credit enhancements and no-code generation. The platform makes it easy for borrowers to connect with reputable lenders and servicing agencies, save money with competitive interest rates, and get an affordable loan within minutes in a fair and transparent process without physical collateral. FintruX Network aims to disrupt the way unsecured loans are being originated and administered, making unsecured loans highly secure.
An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We are going to change that.
While pursuing traditional financing, small businesses do not have access to loans when they most need it. Banks prefer to lend cash on cash, and the loan amounts requested are usually too small for financial institutions to do efficiently. If a loan is procured from alternative financing sources, the interest rate is generally too high. Finance companies only utilize a few data sets to evaluate SME borrower worthiness resulting in poor representation of credit, and traditional p2p lenders offer high interest rates due to private equity backing. Additionally, capital that could have been invested in small business credit has been largely locked out of the market. Individual investors generally lack the size and access to directly invest in small business credit, and while institutional investors have had some access to this market, they lack the tools to customize portfolios to their specific risk tolerance.
See: The lending revolution: How digital credit is changing banks from the inside
FintruX Network is comprised by a dynamic team of skilled professionals in strategy, commercial lending, operations, marketing, sales, and technology. Our technology is supported by Robocoder Corporation, which has over 20 years of enterprise software development experience. The technology team has been servicing the securitization industry in Canada since 1999, and is currently managing billions of dollars of assets for reputable banks and insurance companies. Our team is complimented with advisors and directors ranging from esteemed individuals who have held prominent positions such as managing director of Dun and Bradstreet Asia, and director of TNG Asia, chairman of the ELFA in USA, to leaders at various fortune 500 companies in the telecom, banking, and technology sectors.
We leverage our extensive expertise and technology to create an ecosystem of lenders, borrowers, and service agencies operating in a true peer-to-peer marketplace to reduce the friction of small business (SME) lending. Our platform makes unsecured financing easy, fast, and highly secure with credit enhancements, no-code generation, and an open ecosystem.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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BIS | May 31, 2023 Discover how AI, data, and cross-border collaboration are shaking up the battle against financial crimes. Proof of Concept Completion and Advancements: The BIS Innovation Hub's Nordic Centre has successfully wrapped up Project Aurora, a proof of concept aimed at combating money laundering. By leveraging a synthetic data set representing real-world domestic and international payments data, advanced privacy-enhancing technologies, AI, and enhanced cooperation across entities and borders, the project showcased the transformative potential of these technologies in anti-money laundering (AML) efforts. Enhanced tools for data analysis helped identify suspicious patterns, moving beyond the limitations of current systems that often operate in silos. AML efforts have a significant financial burden on institutions, with costs rising by about $60 billion to roughly $274 billion between 2020 and 2022. Despite these efforts, a majority of laundered money remains undetected, indicating that existing methods are inadequate. Project Aurora offers a more effective and potentially cost-efficient approach, focusing on behavioral-based analysis, a stark contrast to the prevailing rules-based approach. Read: Opinion: The Financial Surveillance System May Be Less a Tool for Crime Prevention than a Means of Bureaucratic Ass Covering Implications and Future Steps: Project Aurora has demonstrated that technology, coupled ...
Read More
Finance Canada | Release | Jun 7, 2023 The Government of Canada has launched this public consultation to examine ways to improve Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime. Submissions to this consultation will close on August 1, 2023. The Government of Canada is undertaking a comprehensive review of its Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime in response to evolving risks and threats in the financial sector. The review is particularly crucial given the increased digitization of financial transactions and the emergence of new financial technologies, which present new potential avenues for illicit activity. The review will examine the effectiveness of existing legislative and regulatory frameworks in combating money laundering and terrorist financing and identify necessary improvements. It will also assess emerging risks in certain sectors, such as digital assets, crowdfunding platforms, mortgage lending entities, and armoured car companies, among others. See: Guide: How to spot potential money laundering Key objectives include improving the detection and disruption of money laundering and terrorist financing activities, addressing higher-risk vulnerabilities, positioning Canada for its next FATF evaluation, and responding to recommendations from the Cullen Commission. As part of this process, the government is seeking feedback on potential policy measures that could be ...
Read More
Techcrunch | Matthew Panzarino | Jun 5, 2023 The newly released Apple Vision Pro, a groundbreaking product offering in the mixed reality or extended reality (XR) space. Apple's Vision Pro represents a significant technological leap, thanks to a combination of its ambitious execution and unrivaled resources, with 5,000 patents filed over the past few years, a robust talent pool, and substantial capital. Well-equipped with state-of-the-art hardware, including a 24-million-pixel panel offering an immersive experience unparalleled by any other headset on the market. The device provides a comfortable and adjustable fit for different face sizes, facilitated by quick adjustable straps and various light seal options. What sets Apple Vision Pro apart is the effective mitigation of typical VR challenges like latency-induced nausea and isolation. Powered by Apple's R1 and M2 chips, the device provides a seamless experience with a 12ms system-wide polling rate, reducing motion blur and latency. See: Apple’s Foray into Metaverse: Anticipation of ‘xrOS’ Unveil at WWD As a caveat, it will be available 'early next year' to the masses, and the Apple Vision Pro comes with a hefty price tag of $3,500, positioning it as a product for power users and early adopters. As an advocate for innovative ...
Read More
SEC Release | Jun 6, 2023 The U.S. Securities and Exchange Commission (SEC) has taken emergency action against cryptocurrency platform Binance.US and its founder, Changpeng Zhao. They want to freeze assets and force the return of assets held for customers. This action is to make sure customer assets are safe and stay in the U.S. while the SEC investigates further. Read: SEC Files Charges Against Binance for Mishandling Funds and Deceiving Regulators In this emergency move, the SEC is asking for eight things: They want an explanation as to why an early court order shouldn't be applied to Binance and Zhao. They want to freeze BAM Management's assets. They want the return of assets held for customers of BAM Trading or BAM Management. They want further actions to protect the assets of BAM's customers. They want to stop the defendants from destroying records. They want a sworn statement of specific assets from the defendants. They want the right to quickly get information from the defendants. Lastly, they want the approval for alternate ways of service. View the original release --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry ...
Read More
Aljazeera | Jun 5, 2-23 The United States Securities and Exchange Commission (SEC) has sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange. Coinbase, the largest US crypto platform, is under scrutiny for alleged security law breaches related to its staking rewards program. The SEC claims that Coinbase has been acting as an intermediary for cryptocurrency transactions since at least 2019, evading necessary investor protection disclosures. The company is also charged with trading at least 13 crypto assets deemed securities, which should have been registered, including Solana, Cardano, and Polygon. The lawsuit is part of SEC Chairman Gary Gensler's push to increase oversight of the rapidly growing crypto industry, which he has referred to as a "wild West" of investing. The legal actions against Coinbase and Binance signal the SEC's intent to enforce existing market regulations in the cryptocurrency sector, an industry that has often been accused of regulatory ambiguity. See: Breaking: SEC Files Charges Against Binance for Mishandling Funds and Deceiving Regulators Market Impact: Shares in Coinbase Global Inc dropped by as much as 20.9% following the announcement of the lawsuit, with customers reportedly withdrawing over $57m shortly after ...
Read More
Forbes | Alex Konrad | Jun 6, 2023 Venture capital’s biggest global brand is breaking up, with Sequoia’s China and India and Southeast Asia funds relaunching as new firms HongShan and Peak XV Partners. Sequoia Capital's Global Breakup: Venture capital heavyweight Sequoia Capital is splitting into three distinct entities, each targeting a specific geographic region. Sequoia Capital will focus on the U.S. and Europe, while the newly formed HongShan and Peak XV Partners will serve China and India/Southeast Asia respectively. This move could impact funding markets by adjusting the balance of power among global venture capital firms, potentially leading to a redistribution of capital and shifting the competitive landscape within the targeted regions. See: Which Companies Were Affected by FTX’s Collapse? Increased Regional Autonomy: As separate entities, HongShan and Peak XV Partners will no longer share profits or back-office functions with Sequoia Capital. This autonomy should allow each firm to better align their strategies with their respective regional market dynamics, while mitigating conflicts and complexities tied to centralized operations. It may trigger a ripple effect in the funding landscape as other venture capital firms may consider similar operational adjustments for their own regional branches. Repositioning Amidst Changing Geopolitical Landscape: Although ...
Read More
U.S. Financial Services Committee | Jun 5, 2023 Expanding Investment Opportunities: The U.S. House of Representatives has approved seven bipartisan financial services bills aimed at strengthening public markets and boosting capital formation. Expanding the Accredited Investor Definition: Key among these is H.R. 835, the Fair Investment Opportunities for Professional Experts Act, which widens the definition of accredited investor. This is expected to increase the pool of potential investors for small businesses and emerging companies, especially minority entrepreneurs who frequently face challenges in securing funding. Other significant legislation includes H.R. 2608 and H.R. 2610, both sponsored by Chairman Patrick McHenry. These bills intend to improve the attractiveness of public markets for emerging growth companies by clarifying and extending financial reporting obligations under the JOBS Act of 2012. This could potentially streamline the process of initial public offerings (IPOs) or spin-offs, which in turn can drive efficiency and capital formation. See: Improving the Regulatory Environment for Entrepreneurial Capital Formation: JOBS Act 4.0 Increasing Access and Protection in Capital Markets: Legislation such as the Accredited Investor Definition Review Act (H.R. 1579) and the Senior Security Act of 2023 (H.R. 2593) demonstrates a dual commitment to opening up investment opportunities and safeguarding investor interests ...
Read More
New York Times | Matthew Goldstein, Emily Flitter and David Yaffe-Bellany | Jun 5, 2023 The SEC said the world’s largest cryptocurrency exchange mixed billions of dollars in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao. The Securities and Exchange Commission (SEC) has levelled significant allegations against Binance, the world's leading cryptocurrency exchange, accusing it of mismanaging customer funds and dishonest communication with regulators. Binance is accused of blending customer funds amounting to billions of dollars and covertly transferring these to Merit Peak Limited, a separate entity under the control of Binance founder, Changpeng Zhao. The SEC has lodged 13 charges against Binance and Changpeng Zhao, alleging they enriched themselves to the tune of billions of US dollars, while putting investor assets at considerable risk. Among the charges are claims that Binance misled investors regarding the adequacy of its systems to detect and control manipulative trading and their efforts to prevent US investors from trading on its unregulated platform. See: OSC Pursues Binance Investigation, Unfazed by Crypto Exchange’s Departure from Canada These charges represent the latest effort by US regulators to clamp down on the often-lawless landscape of cryptocurrency trading and compel major ...
Read More
Ninepoint Partners | Release | Jun 3, 2023 Toronto-based investment management firm Ninepoint Partners has launched the Ninepoint Web3 Innovators Fund, formerly the Ninepoint Bitcoin ETF The Fund aims to provide investors with exposure to emerging technologies like Web3, blockchain, and digital asset-enabled internet, offering capital appreciation through a diverse portfolio of equity and equity-related securities. Ninepoint anticipates an expanding investment universe as more leading companies in these sectors go public. This trend is expected to benefit the Fund, increasing diversification across industries and enhancing the potential for long-term success. See: 10 Most Innovative Companies in 2023: Blockchain, Crypto, Metaverse, Web3 The Ninepoint Web3 Innovators Fund offers exposure to digital assets, including Bitcoin, through indirect ownership via other listed Canadian cryptocurrency ETFs and shares in public companies in the digital asset space. The Fund also aims to invest in top-tier companies leveraging Web3 technologies to transform their business, believing that the enterprise adoption of Web3 will unlock significant value, similar to earlier phases of the World Wide Web. Continue to the full article --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and ...
Read More
CSET |Mina Narayanan and Christian Schoeberl |Jun, 2023 This report by CSET presents a matrix that organizes approximately 40 public process frameworks according to their areas of focus and the teams that can use them. Ultimately, the matrix helps organizations select the right resources for implementing responsible AI. Responsible AI Framework Selection Made Easy: Challenge: Process frameworks serve as essential blueprints for organizations aiming to implement responsible AI, but the overwhelming abundance and their generally broad audiences can pose challenges for organizations seeking the most suitable fit. This report provides a matrix consolidating about 40 public process frameworks, categorizing them based on focus areas and potential user groups, effectively simplifying the process of selecting resources for responsible AI implementation. See: OSFI and GRI report: AI in Finance Needs Safeguards, Explainability Key For Trust How the Matrix Helps: Many process frameworks tend to lean towards generality, aiming for flexible application, which may be daunting for organizations inexperienced in executing responsible AI. The report not only helps identify potential user groups for these frameworks but also delves deeper into the utility dimension, which includes an AI system's components, its lifecycle stages, and other related characteristics. This analysis enables organizations to precisely apply ...
Read More
BIS | May 31, 2023 Discover how AI, data, and cross-border collaboration are shaking up the battle against financial crimes. Proof of Concept Completion and Advancements: The BIS Innovation Hub's Nordic Centre has successfully wrapped up Project Aurora, a proof of concept aimed at combating money laundering. By leveraging a synthetic data set representing real-world domestic and international payments data, advanced privacy-enhancing technologies, AI, and enhanced cooperation across entities and borders, the project showcased the transformative potential of these technologies in anti-money laundering (AML) efforts. Enhanced tools for data analysis helped identify suspicious patterns, moving beyond the limitations of current systems that often operate in silos. AML efforts have a significant financial burden on institutions, with costs rising by about $60 billion to roughly $274 billion between 2020 and 2022. Despite these efforts, a majority of laundered money remains undetected, indicating that existing methods are inadequate. Project Aurora offers a more effective and potentially cost-efficient approach, focusing on behavioral-based analysis, a stark contrast to the prevailing rules-based approach. Read: Opinion: The Financial Surveillance System May Be Less a Tool for Crime Prevention than a Means of Bureaucratic Ass Covering Implications and Future Steps: Project Aurora has demonstrated that technology, coupled ...
Read More
Read More
Finance Canada | Release | Jun 7, 2023 The Government of Canada has launched this public consultation to examine ways to improve Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime. Submissions to this consultation will close on August 1, 2023. The Government of Canada is undertaking a comprehensive review of its Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime in response to evolving risks and threats in the financial sector. The review is particularly crucial given the increased digitization of financial transactions and the emergence of new financial technologies, which present new potential avenues for illicit activity. The review will examine the effectiveness of existing legislative and regulatory frameworks in combating money laundering and terrorist financing and identify necessary improvements. It will also assess emerging risks in certain sectors, such as digital assets, crowdfunding platforms, mortgage lending entities, and armoured car companies, among others. See: Guide: How to spot potential money laundering Key objectives include improving the detection and disruption of money laundering and terrorist financing activities, addressing higher-risk vulnerabilities, positioning Canada for its next FATF evaluation, and responding to recommendations from the Cullen Commission. As part of this process, the government is seeking feedback on potential policy measures that could be ...
Read More
Read More
Techcrunch | Matthew Panzarino | Jun 5, 2023 The newly released Apple Vision Pro, a groundbreaking product offering in the mixed reality or extended reality (XR) space. Apple's Vision Pro represents a significant technological leap, thanks to a combination of its ambitious execution and unrivaled resources, with 5,000 patents filed over the past few years, a robust talent pool, and substantial capital. Well-equipped with state-of-the-art hardware, including a 24-million-pixel panel offering an immersive experience unparalleled by any other headset on the market. The device provides a comfortable and adjustable fit for different face sizes, facilitated by quick adjustable straps and various light seal options. What sets Apple Vision Pro apart is the effective mitigation of typical VR challenges like latency-induced nausea and isolation. Powered by Apple's R1 and M2 chips, the device provides a seamless experience with a 12ms system-wide polling rate, reducing motion blur and latency. See: Apple’s Foray into Metaverse: Anticipation of ‘xrOS’ Unveil at WWD As a caveat, it will be available 'early next year' to the masses, and the Apple Vision Pro comes with a hefty price tag of $3,500, positioning it as a product for power users and early adopters. As an advocate for innovative ...
Read More
Read More
SEC Release | Jun 6, 2023 The U.S. Securities and Exchange Commission (SEC) has taken emergency action against cryptocurrency platform Binance.US and its founder, Changpeng Zhao. They want to freeze assets and force the return of assets held for customers. This action is to make sure customer assets are safe and stay in the U.S. while the SEC investigates further. Read: SEC Files Charges Against Binance for Mishandling Funds and Deceiving Regulators In this emergency move, the SEC is asking for eight things: They want an explanation as to why an early court order shouldn't be applied to Binance and Zhao. They want to freeze BAM Management's assets. They want the return of assets held for customers of BAM Trading or BAM Management. They want further actions to protect the assets of BAM's customers. They want to stop the defendants from destroying records. They want a sworn statement of specific assets from the defendants. They want the right to quickly get information from the defendants. Lastly, they want the approval for alternate ways of service. View the original release --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry ...
Read More
Read More
Aljazeera | Jun 5, 2-23 The United States Securities and Exchange Commission (SEC) has sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange. Coinbase, the largest US crypto platform, is under scrutiny for alleged security law breaches related to its staking rewards program. The SEC claims that Coinbase has been acting as an intermediary for cryptocurrency transactions since at least 2019, evading necessary investor protection disclosures. The company is also charged with trading at least 13 crypto assets deemed securities, which should have been registered, including Solana, Cardano, and Polygon. The lawsuit is part of SEC Chairman Gary Gensler's push to increase oversight of the rapidly growing crypto industry, which he has referred to as a "wild West" of investing. The legal actions against Coinbase and Binance signal the SEC's intent to enforce existing market regulations in the cryptocurrency sector, an industry that has often been accused of regulatory ambiguity. See: Breaking: SEC Files Charges Against Binance for Mishandling Funds and Deceiving Regulators Market Impact: Shares in Coinbase Global Inc dropped by as much as 20.9% following the announcement of the lawsuit, with customers reportedly withdrawing over $57m shortly after ...
Read More
Read More
Forbes | Alex Konrad | Jun 6, 2023 Venture capital’s biggest global brand is breaking up, with Sequoia’s China and India and Southeast Asia funds relaunching as new firms HongShan and Peak XV Partners. Sequoia Capital's Global Breakup: Venture capital heavyweight Sequoia Capital is splitting into three distinct entities, each targeting a specific geographic region. Sequoia Capital will focus on the U.S. and Europe, while the newly formed HongShan and Peak XV Partners will serve China and India/Southeast Asia respectively. This move could impact funding markets by adjusting the balance of power among global venture capital firms, potentially leading to a redistribution of capital and shifting the competitive landscape within the targeted regions. See: Which Companies Were Affected by FTX’s Collapse? Increased Regional Autonomy: As separate entities, HongShan and Peak XV Partners will no longer share profits or back-office functions with Sequoia Capital. This autonomy should allow each firm to better align their strategies with their respective regional market dynamics, while mitigating conflicts and complexities tied to centralized operations. It may trigger a ripple effect in the funding landscape as other venture capital firms may consider similar operational adjustments for their own regional branches. Repositioning Amidst Changing Geopolitical Landscape: Although ...
Read More
Read More
U.S. Financial Services Committee | Jun 5, 2023 Expanding Investment Opportunities: The U.S. House of Representatives has approved seven bipartisan financial services bills aimed at strengthening public markets and boosting capital formation. Expanding the Accredited Investor Definition: Key among these is H.R. 835, the Fair Investment Opportunities for Professional Experts Act, which widens the definition of accredited investor. This is expected to increase the pool of potential investors for small businesses and emerging companies, especially minority entrepreneurs who frequently face challenges in securing funding. Other significant legislation includes H.R. 2608 and H.R. 2610, both sponsored by Chairman Patrick McHenry. These bills intend to improve the attractiveness of public markets for emerging growth companies by clarifying and extending financial reporting obligations under the JOBS Act of 2012. This could potentially streamline the process of initial public offerings (IPOs) or spin-offs, which in turn can drive efficiency and capital formation. See: Improving the Regulatory Environment for Entrepreneurial Capital Formation: JOBS Act 4.0 Increasing Access and Protection in Capital Markets: Legislation such as the Accredited Investor Definition Review Act (H.R. 1579) and the Senior Security Act of 2023 (H.R. 2593) demonstrates a dual commitment to opening up investment opportunities and safeguarding investor interests ...
Read More
Read More
New York Times | Matthew Goldstein, Emily Flitter and David Yaffe-Bellany | Jun 5, 2023 The SEC said the world’s largest cryptocurrency exchange mixed billions of dollars in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao. The Securities and Exchange Commission (SEC) has levelled significant allegations against Binance, the world's leading cryptocurrency exchange, accusing it of mismanaging customer funds and dishonest communication with regulators. Binance is accused of blending customer funds amounting to billions of dollars and covertly transferring these to Merit Peak Limited, a separate entity under the control of Binance founder, Changpeng Zhao. The SEC has lodged 13 charges against Binance and Changpeng Zhao, alleging they enriched themselves to the tune of billions of US dollars, while putting investor assets at considerable risk. Among the charges are claims that Binance misled investors regarding the adequacy of its systems to detect and control manipulative trading and their efforts to prevent US investors from trading on its unregulated platform. See: OSC Pursues Binance Investigation, Unfazed by Crypto Exchange’s Departure from Canada These charges represent the latest effort by US regulators to clamp down on the often-lawless landscape of cryptocurrency trading and compel major ...
Read More
Read More
Ninepoint Partners | Release | Jun 3, 2023 Toronto-based investment management firm Ninepoint Partners has launched the Ninepoint Web3 Innovators Fund, formerly the Ninepoint Bitcoin ETF The Fund aims to provide investors with exposure to emerging technologies like Web3, blockchain, and digital asset-enabled internet, offering capital appreciation through a diverse portfolio of equity and equity-related securities. Ninepoint anticipates an expanding investment universe as more leading companies in these sectors go public. This trend is expected to benefit the Fund, increasing diversification across industries and enhancing the potential for long-term success. See: 10 Most Innovative Companies in 2023: Blockchain, Crypto, Metaverse, Web3 The Ninepoint Web3 Innovators Fund offers exposure to digital assets, including Bitcoin, through indirect ownership via other listed Canadian cryptocurrency ETFs and shares in public companies in the digital asset space. The Fund also aims to invest in top-tier companies leveraging Web3 technologies to transform their business, believing that the enterprise adoption of Web3 will unlock significant value, similar to earlier phases of the World Wide Web. Continue to the full article --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and ...
Read More
Read More
CSET |Mina Narayanan and Christian Schoeberl |Jun, 2023 This report by CSET presents a matrix that organizes approximately 40 public process frameworks according to their areas of focus and the teams that can use them. Ultimately, the matrix helps organizations select the right resources for implementing responsible AI. Responsible AI Framework Selection Made Easy: Challenge: Process frameworks serve as essential blueprints for organizations aiming to implement responsible AI, but the overwhelming abundance and their generally broad audiences can pose challenges for organizations seeking the most suitable fit. This report provides a matrix consolidating about 40 public process frameworks, categorizing them based on focus areas and potential user groups, effectively simplifying the process of selecting resources for responsible AI implementation. See: OSFI and GRI report: AI in Finance Needs Safeguards, Explainability Key For Trust How the Matrix Helps: Many process frameworks tend to lean towards generality, aiming for flexible application, which may be daunting for organizations inexperienced in executing responsible AI. The report not only helps identify potential user groups for these frameworks but also delves deeper into the utility dimension, which includes an AI system's components, its lifecycle stages, and other related characteristics. This analysis enables organizations to precisely apply ...
Read More
Read More
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