Inside Sibos | Governance & Assurance | 3
Inside SIBOS | Governance & Assurance week | 3 Contrarian: More AI ≠ fewer RFIs-until you fix structure and accountability. Why it matters: AI amplifies...
Inside SIBOS | Governance & Assurance week | 3
Contrarian: More AI ≠ fewer RFIs-until you fix structure and accountability.
Why it matters: AI amplifies whatever you feed it; bad data makes bad decisions faster.
* Don't starve models: MT/MX coexistence ends Nov 22 2025-run ISO‑rich payloads now or accept weaker features until the deadline.
* Herding risk: FSB warns on correlated models and vendor concentration-stress‑test dependencies, not just accuracy.
* Replace free‑text: Move "why" into
* Proof beats promises: Require per‑decision explanations, drift reports, and reversible actions; ban "black‑box" deployment paths.
* Win condition: Governance + ISO data → lower FP rate and fewer holds; anything else is pilot theatre.
• Need a sanity check? If a vendor won't share feature lists and drift metrics, hit pause.
• Want KPIs? Track FP rate, override rate, ISO fill‑rate, and case days-weekly.
Game‑theory: Product pushes speed; compliance guards safety; Swift/standards bodies act as rule‑setters via data formats. Quiet coalition: firms standardising ISO and explainability-leaving "black‑box" offers isolated.
Inside SIBOS - Week 1 Wrap: Governance & Assurance ✅
Post 1: Supervisors (FSB) say AI needs tighter oversight; BIS shows PETs‑enabled cross‑bank AML. Treat ISO fields as model fuel; set ≥95% fill‑rates.
Post 2: Ship 5 controls: data gates, model dossier, explainability + override, privacy‑by‑design (FEAT), third‑party resilience.
Post 3: AI won't fix bad data; MT/MX coexistence ends Nov 22 2025-use ISO‑rich payloads now; no black boxes.
🛠 30‑day plan: pick 1 corridor, enforce ISO gates, stand up champion-challenger, publish KPIs weekly.
Topics: ISO 20022, Payments, SWIFT, Compliance, AI