China has called for stronger risk-based, tiered management of the development and application of artificial intelligence at banking and insurance institutions, in order to effectively address the challenges posed by AI development while better serving the real economy and meeting the needs of the public.

The National Financial Regulatory Administration announced the release of new guidelines on the safe development and application of AI in the banking and insurance sectors on…

China has called for stronger risk-based, tiered management of the development and application of artificial intelligence at banking and insurance institutions, in order to…