Artificial intelligence (Al) can be a valuable tool to help financial services organizations in many aspects of their risk and compliance programs. In terms of policy management, AI can generate multiple templates and verbiage based on the needs of the organization which can save valuable time and resources helping them get started. While this technology seems great, it isn’t perfect and businesses need to take the content provided into consideration before using it for their policies and procedures.

ProSight has compiled a list of best practices financial services organizations should use when utilizing AI along with how the ProSight Policy Manager can maximize the effectiveness of AI generated content.

• Verifying claims and regulations

• Consulting experts

• Reviewing context