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The Stanford Institute for Human-Centered Artificial Intelligence (HAI) is pleased to share that Wells Fargo has joined as the inaugural member of the Financial Services & AI Corporate Affiliate Program. 

The program is geared specifically to the financial sector, offering cutting-edge research and educational programming in areas including fintech, insurance, and banking, as well as visiting scholar opportunities.

As a founding member, Wells Fargo participated in a new Stanford HAI tailored professional education program, which engaged over 4,000 of the financial institution’s employees via an innovative webinar series. Wells Fargo will continue to learn from top-tier faculty about the ways AI is changing the industry.

“Stanford HAI’s mission focuses on how to properly design and build human-centered AI to have positive human impacts,” said James Landay, vice director and director of research for Stanford HAI. “This is particularly integral in the banking industry, where it affects everyone from bank employees whose jobs will be transformed, to customers whose businesses and personal finances will be impacted by advances in technology.”

“Generative AI is transforming the financial industry, enabling financial institutions to better serve their customers by generating more accurate predictions, automating complex processes, and identifying new opportunities for growth,” said Panos Madamopoulos-Moraris, Stanford HAI managing director of the partnerships and industry program. “We look forward to collaborating with Wells Fargo and our other corporate affiliates to explore the transformative potential of AI in the financial industry, and to help ensure its safe, responsible, and ethical use for the benefit of society as a whole."

“The future of banking will depend on collaboration and partnerships to create value for our customers across a variety of ecosystems,” said Chintan Mehta, Chief Information Officer and Head of Digital Technology & Innovation at Wells Fargo. “HAI continues to be a priority engagement for Wells Fargo’s innovation plans, specifically in the AI/ML space. Its cross-discipline approach and resulting access to deep subject matter expertise approaching the problems from different perspectives is an essential path to solve hard problems of explainability and bias for what will be an acceleratingly complex ecosystem of AI.”

Learn more about Stanford HAI corporate programs.