Taishin Bank has partnered with OneDegree Global, a cybersecurity and risk management solutions company, to test and validate its artificial intelligence system, positioning itself as the first in Taiwan’s financial sector to establish a responsible AI framework.
This initiative is timely as global attention on AI compliance intensifies, with new regulations in Asia as well as Europe highlighting the need for secure and ethical practices in the financial industry.
The collaboration aims to validate Taishin Bank’s AI system – Taishin Brain – ensuring compliance with the Taiwan Financial Supervisory Commission’s (FSC) guidelines for the use of artificial intelligence in the financial industry.
Taishin Brain integrates its proprietary data and knowledge base, along with the financial and regulatory compliance dataset, to train and validate its AI model. It describes it as the first Traditional Chinese large language model developed to comply with global AI governance standards.
The system leverages financial-specific GPT to process diverse data types such as customer service records, images, and forms, while integrating with internal access control systems to protect privacy and data security.
OneDegree’s cybersecurity unit Cymetrics uses advanced AI red team and testing solutions in line with the FSC’s guidelines to verify the fairness, security and privacy protection of the AI model.
Employing the latest AI attack techniques and methods, testing ensures the AI system’s safety and integrity prior to its launch. Cymetrics also integrates these testing solutions with machine learning operations (MLOps) workflows, enabling testing at every development stage, from model deployment to system go-live, to identify and mitigate inherent risks early in the development process.
Responsible AI
Steve Sun, CIO of Taishin Financial Holding, stated: “In the process of AI adoption, Taishin Financial Holding prioritises information security and privacy, operating under ethical and transparent standards. This ensures compliance with regulatory requirements and, with the support of excellent partners, establishes a responsible AI system. This commitment is central to Taishin’s AI development strategy.”
Stanley Chou, CIO of OneDegree, also added: “We are delighted to collaborate with Taishin Bank, assisting in the AI validation of ‘Taishin Brain,’ and leading the way in establishing Taiwan’s first responsible AI system in the financial sector. As the regulatory environment evolves, Cymetrics will support clients in managing AI risks and regulations, ensuring their AI investments are secure, ethical, and compliant.”