On March 26, 2021, the People’s Bank of China officially released the financial industry standard "JR/T 0221—2021 Evaluation specification of artificial intelligence algorithm in financial application".
This standard establishes an evaluation framework for artificial intelligence algorithm in financial application from the aspects of security, interpretability, accuracy and performance, clarifies the basic requirements, evaluation methods and judgment criteria for the application of intelligent algorithms, and provides guidance for the risk management of the application of intelligent algorithms for financial institutions.
This standard aims to guide financial institutions to strengthen the standardized management and risk prevention of the financial application of artificial intelligence algorithms, accelerate the financial digital transformation, continually promote more intimate, smarter and warmer financial services, and create a new engine for financial innovation and development in the digital economy era.
This standard was prepared by China Financial Standardization Technical Committee, proposed and drafted by the Technology Department of the People's Bank of China, with the participation of relevant institutions from the industry. After extensively consultation and demonstration, this standard has passed the review of China Financial Standardization Technical Committee.
For detailed standards, please visit Financial Industry Standard Full Text System (see: http://www.cfstc.org/bzgk).