The Shanghai Financial Supervisory Authority issued “Certain Measures to Promote the Application of Artificial Intelligence in the Banking and Insurance Industry in Shanghai”. It points out the establishment of a “data+model” double closed loop mechanism. Encourage financial institutions to improve the closed loop of data “mining, construction, use, and management”, as well as the closed-loop system for model training, management, deployment, operation, and application, continuously improving the two-way enabling mechanism of “data-driven model optimization, model feedback data governance”, and systematically solving the problems of data fragmentation and model preservation in the implementation of artificial intelligence.

The Shanghai Financial Supervisory Authority issued “Certain Measures to Promote the Application of Artificial Intelligence in the Banking and Insurance Industry in Shanghai”. It points out the establishment of a “data+model” double closed loop mechanism. Encourage financial institutions to improve the closed loop of data “mining, construction, use, and management”, as well as the closed-loop system for model training, management, deployment, operation, and application, continuously improving the two-way enabling mechanism of “data-driven model optimization, model feedback data governance”, and systematically solving the problems of data fragmentation and model preservation in the implementation of artificial intelligence.