Responsible AI Institute is excited to announce that Ally Financial Inc. (NYSE: ALLY), a financial services company with the nation’s largest all-digital bank, has joined the Institute as a member, marking Ally as the first U.S. bank to do so. As AI adoption accelerates, Ally recognizes responsible AI practices are critical for building trust and unlocking AI’s full potential.
“We’re thrilled to welcome Ally Financial as a member of the Responsible AI Institute,” said Jeff Easley, General Manager at Responsible AI Institute. “Ally’s deep understanding of digital financial services and their commitment to responsible and trustworthy practices will be invaluable in the Responsible AI Institute’s work to shape the responsible adoption of AI technologies in the financial sector and beyond.”
“Joining the Responsible AI Institute shows our commitment to continue advocating for high standards in the use of AI while also thoughtfully leveraging its potential in financial services, said Sathish Muthukrishnan, chief information, data and digital officer at Ally. “While we can only control our own approach to AI, we hope that as we ‘Do It Right’ with AI, others will commit to using it responsibly as well.”
Welcoming Ally to the institute highlights the Responsible AI Institute’s crucial function in guiding the development and implementation of responsible AI, especially within the dynamic realm of digital financial services. By joining the institute, Ally has positioned themselves as a leader in responsible AI adoption and working towards financial services that provide excellent results for their customers, built on a trustworthy foundation.
About the Responsible AI Institute
Founded in 2016, Responsible AI Institute (RAI Institute) is a global and member-driven non-profit dedicated to enabling successful responsible AI efforts in organizations. We accelerate and simplify responsible AI adoption by providing our members with AI conformity assessments, benchmarks and certifications that are closely aligned with global standards and emerging regulations.
Members include leading companies such as Amazon Web Services, Boston Consulting Group, KPMG, ATB Financial and many others dedicated to bringing responsible AI to all industry sectors.
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