New guidelines have been introduced regarding the use of third-party artificial intelligence by financial institutions. Financial institutions are expected to be accountable for AI used in the services they deliver. This includes AI that has been developed, operated, or provided by third parties.

Further details on the guidelines and expectations are available. The guidelines outline the responsibilities of financial institutions when using AI in their services, regardless of whether the AI is developed in-house or provided by a third party.

More information on the guidelines can be found through the source, which provides additional context and details on the expectations for financial institutions using third-party AI.