Sandbox is a controlled environment in which companies can experience innovative ideas and services without risk for customers and the system. In the new project, FCA provides access to the information processing capacity of NVIDIA and specialized software.
The program aims to support financial institutions that start working with AI and do not have their own resources for full development. In addition to the technical base, the participants will be able to get help in collecting data and consultations about the requirements of the regulator.
Any company from the financial services sector is invited to participate independently of the scale. The main objective is to accelerate the implementation of AI in the sector and contribute to the growth of the economy at the same time according to the regulator and improve conditions for consumers.
According to NVIDIA representatives, the financial field is increasingly going into more and more technology, especially in data analysis, automation and risk management. The new project will give participants the opportunity to test such solutions in a safe environment without violating regulatory requirements.
The test will begin in October.
Source: Ferra
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