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.

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.

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

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.

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.