MBA GSBA / SUNY former SOX Process Manager, Lead Auditor QMS certification, CIA, CISA
On top of a bank's holistic risk management as outlined in my SIPOC process map, several regulative measures could be implemented to help prevent future bank failures. 1. Enhanced Capital Requirements: Regulators can mandate higher capital adequacy ratios for banks, ensuring they have sufficient capital buffers to absorb
A SIPOC (Suppliers > Inputs > Process > Outputs > Customers) process model with a SIPOC process map is particularly valuable as an enabler for transformational AI change projects, especially when developing and deploying new AI products or services. 1. Clarity and Scope Definition The SIPOC model helps provide a
A responsible and sustainable banking strategy should be reflected in an inclusive business model and enacted by stakeholder oriented business processes. 1. Ethical Banking Practices * Implement strict ethical guidelines for all banking activities, including lending, investments and financial products. * Avoid investments in industries or companies that harm the environment, violate
An agency model for AI products & services involves the structure and processes by which an organization delivers and manages its artificial intelligence offerings. Safeguarding human agency in the age of AI involves implementing measures and strategies as well as a stakeholder oriented SIPOC process model to ensure that individuals
Francis Bacon's famous assertion "Knowledge is power" takes on a renewed significance with the emergence of technologies like ChatGPT. In the contemporary landscape, the synergy of big data and AI algorithms transcends traditional notions, transforming knowledge into actionable insights. With the advent of GenAI, fewer human
Implementing a VAT system for AI products and services requires a balance between promoting innovation and ensuring fair taxation. To this end thresholds or exemptions for small businesses or low-value transactions should be defined. This VAT process framework outlines some conceivable VAT tax basis options for AI products and services.
The UN-backed Global Digital Compact is a policy framework for digital relations worldwide: https://www.un.org/techenvoy/global-digital-compact The Global Digital Compact addresses six key aspects: 1. Connectivity * Develop and implement policies to ensure universal internet access * Facilitate the deployment of digital tools in schools and communities 2. Internet
The ISO/IEC standard 42001:2023 published in December 2023 provides requirements for establishing, implementing, maintaining and continually improving an Artificial Intelligence Management System (AIMS) within the context of an organization. Its purpose is to ensure responsible development and use of AI systems for organizations providing or utilizing AI-based products
Zertifizierungsstellen müssen von der Schweizerischen Akkreditierungsstelle (SAS) akkreditiert sein. Die Zertifizierungsstelle muss ein Zertifizierungsprogramm für die Zertifizierung von Managementsystemen einerseits und von Produkten, Dienstleistungen und Prozessen andererseits erstellen. Nachstehend denkbare Anforderungen und Prüfkriterien im Prüfprogramm für zu zertifizierende Gegenstände bzw. Datenschutzprodukte oder -dienstleistungen für die Datenschutzzertifizierung: 1. Datenschutzerkl
The main goals of a circular economy are centered around sustainability, resource efficiency and minimizing environmental impact. In a circular economy, the traditional linear model of "take, make, dispose" is replaced with a closed-loop system where resources are used more efficiently and waste is minimized. 1. Minimize Waste:
Financial literacy refers to the ability to understand and use various financial skills, including personal financial management, budgeting and investing. It involves having the knowledge and skills to make informed and effective decisions about money. A financially literate individual is equipped to manage their personal finances, make wise investment choices,
Misinformation and disinformation were identified as the most severe global risk over the next two years by the World Economic Forum WEF. Detecting misinformation and disinformation generated by AI poses additional challenges as AI-generated content can mimic human-generated content more convincingly. The process involves a combination of technological solutions, human