SolasAI Appoints Former Bank Risk Executive to Advisory Board
SolasAI announced that Stephen L. Hicks, who previously oversaw enterprise fairness risk at a major U.S. bank, has joined its Industry Advisory Board. This move follows the recent implementation of SR 26-2, which increases regulatory demands for AI governance in the banking sector.
SolasAI, a provider of algorithmic fairness AI software, has appointed Stephen L. Hicks to its Industry Advisory Board. Hicks previously held a significant role in enterprise fairness risk oversight at a top-five U.S. bank.
The addition of Hicks to the advisory board comes as regulatory bodies, such as those that issued SR 26-2, are increasing scrutiny on the use of artificial intelligence in the financial industry. SR 26-2 specifically raises compliance requirements for AI governance within banking institutions.
Hicks's expertise in managing enterprise-level risk associated with AI systems is expected to guide SolasAI's product development and client strategies. His background is seen as valuable in navigating the complex regulatory landscape now facing banks regarding AI deployment.
SolasAI aims to leverage Hicks's insights to enhance its offerings in algorithmic fairness, a critical component of responsible AI implementation, particularly in sensitive sectors like finance.