The Shanghai Financial Supervisory Authority issued “Certain Measures to Promote the Application of Artificial Intelligence in the Banking and Insurance Industry in Shanghai”. It states that outsourcing risk management should be strengthened. When financial institutions use external artificial intelligence technology or services, such as external intelligent computing power resources, model services, data processing, etc., they should integrate them into the information technology outsourcing risk management system for overall management, establish an outsourcing management mechanism, establish an effective risk isolation “firewall”, implement list management for outsourcing partners, and strictly evaluate the advantages, disadvantages and adaptability of models introduced from outside. Financial institutions should accurately identify important outsourcing situations such as centralized storage or processing of important data and sensitive customer information, which have an important impact on business operations, and report them to the Shanghai Financial Supervisory Authority in advance in accordance with regulations.

The Shanghai Financial Supervisory Authority issued “Certain Measures to Promote the Application of Artificial Intelligence in the Banking and Insurance Industry in Shanghai”. It states that outsourcing risk management should be strengthened. When financial institutions use external artificial intelligence technology or services, such as external intelligent computing power resources, model services, data processing, etc., they should integrate them into the information technology outsourcing risk management system for overall management, establish an outsourcing management mechanism, establish an effective risk isolation “firewall”, implement list management for outsourcing partners, and strictly evaluate the advantages, disadvantages and adaptability of models introduced from outside. Financial institutions should accurately identify important outsourcing situations such as centralized storage or processing of important data and sensitive customer information, which have an important impact on business operations, and report them to the Shanghai Financial Supervisory Authority in advance in accordance with regulations.