AI in Banking: A HRIA Tool for Banks

Summary:

The Australian Human Rights Commission has partnered with the National Australia Bank to develop an Artificial Intelligence in Banking: Human Rights Impact Assessment (HRIA) Tool. The tool aims to assist banks in considering and measuring the risk to human rights posed by AI systems, ensuring responsible integration of AI into decision-making systems. The HRIA Tool focuses on privacy, non-discrimination, and equality of treatment, and provides a framework for reviewing AI use, guaranteeing human rights are central to AI integration. This initiative builds upon the Commission's work on human rights and technology, and is informed by expert knowledge, research, and consultation with NAB.