China's Financial Regulator Releases Guidelines to Support Generative AI Use in Banking and Insurance on June 18

According to Guru Club, China's National Financial Supervision and Administration released on June 18 guidelines on the safe development and application of artificial intelligence in the banking and insurance sectors. The directive supports financial institutions in advancing generative AI technology applications and building supporting capability systems under controllable risk conditions. Financial institutions are required to implement admission management for generative AI models and assess their performance, safety, and compliance. External generative AI models must undergo registration with the internet information department.
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