Engagement case study: Bank of Montreal (BMO) – Federated Hermes Limited

EOS engaged with BMO in establishing comprehensive governance practices around the ethical use of artificial intelligence (AI).

Only members with restricted access (ie. academics, asset owners, government and regulatory, independent advisers/trustees and sponsoring employers) can view this article. Please login or join to view.

... As the financial services industry increases investments in digitisation, EOS is monitoring the implementation of AI and other advanced technologies to ensure companies have robust oversight processes that include monitoring of potential algorithm bias to encourage an emphasis on protecting digital rights.

They engaged with Bank of Montreal (BMO) conducting an algorithm impact assessment of the impact level of the banks with automated decision-systems.

Learn more here