Artificial Intelligence (AI) | NCUA

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AI Risk Management Resources: Resources like NIST and AIEOG provide frameworks for managing AI risks, including compliance, fair lending, and data protection.
AI Implementation and Scalable Framework: The COSO framework helps credit unions understand and strategically implement AI, addressing governance, risk management, and operational efficiency.
AI Cybersecurity: CISA offers insights into AI data security, including the protection of AI data supply chain and AI system deployment security best practices.
Specific Use Cases of AI in Financial Services: The Treasury’s report covers AI applications in financial services, focusing on regulatory considerations and bias mitigation.
AI Fraud Risks: Insights from FinCEN’s report on AI’s use in fraud, highlighting emerging threats from deep fake media and methods to detect and combat such fraud.
NCUA Supervision of AI: NCUA stresses the importance of due diligence and appropriate oversight while adopting AI to ensure compliance with existing regulations.

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