Episode 237: Shameek Kundu on AI explainability

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.