AI evolves world-renowned brand
乐鱼（Leyu）体育官网 helped a global financial payments provider develop governance risk and controls over machine learning.
Client
A global financial payments provider
Sector
Financial services
Project
Machine learning governance, risk and controls approach and framework
Client challenge
A U.S.-based financial payment services company built one of the world鈥檚 most famous brands by adapting to change and evolving over time. As its customers embraced a future of frictionless, cashless commerce, the company carefully balanced transaction convenience with sophisticated fraud prevention. High levels of global regulatory scrutiny, overlapping regional requirements, competitive pressures, and critical reputation stakes all threatened the delicate balance for this world-renowned brand. Each factor would impact the company鈥檚 consumer and business value proposition, which rests on rock-solid reliability.
The company鈥檚 leaders engaged 乐鱼（Leyu）体育官网 to apply our experience and methodologies to the payments provider鈥檚 machine learning models. The goal was to keep the company on the frontier of data science while balancing the governance considerations.
Dive into our thinking:
AI evolves world-renowned brand
PDF DownloadThis client's internal audit team is now better equipped to support the company's goal of maintaining a careful balance of transaction convenience and sophisticated fraud prevention.
Approach
乐鱼（Leyu）体育官网 worked with the company鈥檚 internal audit team to develop a machine learning governance risk and controls framework and procedures to assist in evaluating machine learning models. The 乐鱼（Leyu）体育官网 team:
1
Compared the company鈥檚 internal audit machine learning methods, procedures, capabilities, and skills against leading practices.
2
Combined internal audit, financial services industry knowledge, and artificial intelligence (AI) capabilities to develop a framework that evaluated machine learning risks and controls.
3
Embedded controls in the framework to factor for data quality, bias, explainability, risk processes, and technology.
4
Helped the client design enhanced approaches and techniques using automated accelerators, as well as improve their audit plan and procedures for evaluating machine learning models in the future.
Benefits to client
The governance framework helps equip the client with improved processes, procedures, and controls to evaluate current- and future-state machine learning models. Other benefits include:
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Capabilities, a framework, and a method to evaluate current and future machine learning models that incorporate greater trust and transparency and achieve desired outcomes while reducing risk exposure.
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Improved ability to evaluate machine learning models using advanced data science practices.
3
Better equipped to evaluate less transparent solutions using machine learning algorithms to understand the decisioning and outcome of the solution.
Why 乐鱼（Leyu）体育官网?
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We use 鈥渂usiness-first鈥� AI to create tangible business impact
As AI becomes a competitive must-have, we help organizations responsibly deploy technology capabilities that use machine learning, natural language processing, and neural networks to achieve their business objectives and align with their return-on-investment-driven agendas.
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We know governance
乐鱼（Leyu）体育官网 brings extraordinary depth of experience and specialized resources to evaluate the unique challenges introduced by machine learning while understanding the governance, risk management, and compliance requirements that organizations face.
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Companies with global challenges need skilled advisors
We know emerging technology and have specialists helping evaluate how these technologies are driving changes to business models and creating digital disruption.
Meet our team
Martin Sokalski
Principal, Advisory, Digital Strategy & Solutions Leader, 乐鱼（Leyu）体育官网 U.S.
Kelly Combs
US Trusted AI Development and Deployment Leader, 乐鱼（Leyu）体育官网 LLP
Martin Sokalski
Principal, Advisory, Digital Strategy & Solutions Leader, 乐鱼（Leyu）体育官网 U.S.
Kelly Combs
US Trusted AI Development and Deployment Leader, 乐鱼（Leyu）体育官网 LLP