Скачать или смотреть The Illusion of Explainability

The Risk Pulse by Mijares Consulting features a conversation between Alejandro Mijares (CEO of Mijares Consulting), Miruna Clinciu (PhD Researcher at the Edinburgh Centre for Robotics, AI Risk & Strategist Consultant), and James Gearheart (Senior AI/ML Engineer, Founder & CEO at Gearheart Analytics LLC, Principal AI/ML Engineer at Wells Fargo).

In this clip, the discussion turns to the illusion of explainability in financial services. While banks must ensure models are explainable—whether for risk, lending, or AI—the reality is often far less transparent. Regulations such as the Fair Credit Reporting Act in the U.S. and the AI Act in the European Union require institutions to demonstrate how decisions are made.

The experts explore whether more interpretable “white box” models, like decision trees, should be prioritized to balance compliance, trust, and performance—highlighting the gap between theoretical transparency and practical accountability.

👉 This is one of nine excerpts from a full-length discussion on AI, cybersecurity, and emerging risks.

🔗 Learn more at Mijares Consulting