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.

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