Ethical principles for advanced analytics and artificial intelligence in financial services

As technologies such as machine learning develop and become more widespread, there is growing awareness that they not only offer the potential for great benefits to society, but also pose risks that need to be thought through and managed carefully in order to ensure outcomes are positive.

This paper lays out a succinct set of high-level ethical principles for financial services firms developing advanced analytics and artificial intelligence. The principles are intended to serve as a useful resource and reference for firms developing their own internal frameworks and oversight for these emerging technologies.