Artificial Intelligence

AI Advisory Solutions for Forward-Thinking Institutions

The AI revolution isn’t coming — it’s here. With generative AI driving massive market gains and transforming industries, 97% of executives acknowledge it will reshape their companies.

This isn’t just about staying competitive — it’s about survival. Over 91% of financial institutions are already assessing or using AI, and your employees are likely among the 75% of knowledge workers already using AI tools — most without proper oversight or training. The risk isn’t just missed opportunities; it’s potential data breaches and compliance violations happening right under your nose.

SRM brings decades of financial services expertise to help you master AI safely and confidently. We guide institutions from strategy through implementation, ensuring you don’t just adopt AI, you use it as a competitive advantage.

Let SRM help you turn the AI revolution from a challenge into an opportunity. Our proven track record with financial institutions means we understand your unique needs and regulatory environment. Don’t just compete in the AI age — set the pace.

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How SRM Can Help You Get Started with AI

AI Policy Development

Whether you have some existing policy in place or are just getting started, having a robust AI policy is critical for your institution to stay compliant and relevant in the ever-changing AI landscape. We start with a policy framework and support you in customizing an AI policy that fits the short and long-term needs of your financial institution.

Why is this important: 

  • Aligns AI use with regulatory and ethical standards.
  • Anticipates future changes in the AI governance landscape.
  • Mitigates risks associated with AI technologies.

Vendor AI Audit

As regulations emerge related to using AI in financial services, how your vendors use AI in their day-to-day can impact your compliance. With thousands of AI applications out there, and more popping up every day, do you know how your existing vendors are using AI tools that may expose your data? SRM’s Vendor AI Audit service identifies which vendors use AI solutions and what safeguards are (or aren’t) in place for your security and compliance.

Why is this important:

  • Prevents third-party data breaches.
  • Ensures vendor compliance with your AI policies.
  • Prevents vendor use of your data for AI training without permission.

AI Opportunity Assessment

With thousands of new AI-powered tools and technologies emerging, it can be difficult to identify the best fit for your institution. SRM’s AI Opportunity Assessment helps you identify the right technologies to boost bottom line revenue and advance the capabilities important to your institution. The assessment covers areas such as:

  • Operational efficiency and productivity
  • Conversational AI integration
  • Fraud loss mitigation
  • Marketing effectiveness and ROI enhancement
  • AI Readiness – state of data environment insights

Why is this important: 

  • Pinpoints impactful AI applications tailored for your institution.
  • Optimizes investment in AI for maximum ROI.
  • Guides strategic decision-making and future tech investments.

Implementation Support

Implementing a custom internal Large Language Model (LLM) which is secure for use with proprietary data can be complex and cumbersome. With SRM’s Implementation Support, not only do we handle the development work, but our experts facilitate a seamless transition with robust change management strategies, ensuring the implementation of your LLM aligns with your institution’s objectives and dynamics.

Why is this important:

  • Rapid deployment of AI technologies.
  • Reduces the need for extensive internal AI expertise.
  • Provides scalable solutions tailored to your specific needs.

Ongoing Compliance Monitoring

In an evolving environment of AI, every AI policy needs to be a living document – today’s answers may not work for tomorrow’s technologies. With SRM’s Ongoing Compliance Monitoring, we remain engaged and provide you with regular policy reviews, new opportunities, regular performance and consulting touchpoints, and advisory services for change management and encouraging safe adoption of AI in your institution.

Why is this important:

  • Keeps your AI policy and strategy in line with the latest regulations.
  • Detects and addresses compliance issues proactively.
  • Helps you keep up with the pace of change in AI capabilities and best practices.

RELATED CONTENT

Our experts built an offering for you based on our hands-on work in the world of Artificial Intelligence, Machine Learning, and Automation. We often collaborate with financial institutions on strategy, implementation, and appear regularly in media outlets.
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