Vinay Kumar discusses the transformation of AI in banking and financial services, addressing challenges and solutions with regulatory compliance and model explainability while addressing the stringent requirements in the financial industry.

Episode Quotes

Vinay Kumar
"I always believe in this: you don't need to solve a very large problem. Maybe it will take a lot of time to do that. A lot of resources to do that but something small, which you can have an opportunity to solve that could be very big or a fundamental for quite a bit is fantastic. Think of a scenario where your small fundamental idea is a base for another small fundamental idea for someone else."

Charna Parkey

We also want to ground it a little bit in impact we've been seeing. And I think in the financial, banking, insurance industries it's not, I would say, an even distribution of advancement. Different countries have different regulations and different appetites for risk."

Timestamps
- [00:00:00] Introduction by Charna Parkey.

- [00:01:57] Vinay Kumar begins talking about his journey.

- [00:05:27] Discussion on building a search engine for STEM researchers.

- [00:07:06] Challenges with early deep learning.

- [00:09:55] Conversation shifts to ML observability.

- [00:17:06] Discussion on simplifying verticalized AI.

- [00:22:30] Impact of large language models (LLMs) on AI.

- [00:30:58] Comparison of autonomous cars with AI regulation.

- [00:37:58] Vinay mentions his science fiction novels.

- [00:42:19] Conversation summary with Producer Leo Godoy.

AI Regulations in Financial Services with Vinay Kumar