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Financial Regulatory Administration: Promote the development of foundational infrastructure for artificial intelligence applications in the financial industry

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Golden Finance reports that on June 18, the National Financial Regulatory Administration issued guidance on the safe development and application of artificial intelligence in the banking and insurance industries. The guidance calls for promoting the development of an ecosystem for industry-wide AI applications. It also calls for advancing the construction of application infrastructure for AI in the financial sector, and promoting the sharing and reuse of AI application outcomes across the industry. It encourages large financial institutions to play a demonstrative role, exporting AI technologies and management experience to small and medium-sized financial institutions. It supports small and medium-sized financial institutions in strengthening collaboration and jointly advancing the implementation of application scenarios. It also encourages closer coordination with the artificial intelligence industry, using financial applications to promote innovative development in the industry, and using industry achievements to improve the quality and efficiency of financial applications.
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