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NIST AI Risk Management Framework: Practical Guidance for Organisations

AIBy: Parsa Aghabarari2 min readSource: NIST
NIST AI Risk Management Framework: Practical Guidance for Organisations

1Introduction

NIST published AI RMF 1.0 in January 2023. It is voluntary and usable by any organisation, including banks and fintechs.

2Discussion

Its core has four functions: Govern, Map, Measure and Manage. In July 2024 NIST added a Generative AI Profile.

3Conclusion

For financial firms, it provides a shared language between technical, risk and supervisory teams and structures review of validity, security, transparency and fairness.

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Sources

  1. NIST — AI Risk Management Framework ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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