Shameek Kundu, former chief data officer at Standard Chartered, and now head of financial services and chief strategy officer at Truera, a startup dedicated to building trust in AI, joined the Waters Wavelength Podcast to talk about AI explainability and how regulators approach the use of AI. 

5:00 Shameek joins the podcast and talks about the speed and focus that moving to a startup has given him. 
10:00 While today there is broad adoption of AI within the capital markets firms, the depth may not be there. 
11:30 The question cannot always be, ‘Why not use AI?’ It could also be, ‘Why do I use AI?’
14:30 Shameek says infrastructure for building and deploying ML models is still an art more than science.
15:30 The barriers that exist for AI in capital markets is the lack of trustworthiness and reliability of those models over time. 
21:30 Not many firms have a mature data and infrastructure blueprint to allow for AI innovation.
23:00 Shameek adds that in some ways, the data translator role is a stop-gap measure. 
26:00 How are regulators looking at the use of AI?
36:00 Shameek is excited about the use of data in addressing the current and next generation’s problems.

Episode 237: Shameek Kundu on AI explainability

Wei-Shen Wong and Anthony Malakian discuss the hottest financial technology topics in the capital markets every week.