Exploring AI ethical considerations and governance in the financial sector: examination of select countries
Purpose This paper aims to examine artificial intelligence (AI)-related ethical considerations and governance in select countries through an exploratory approach, studying recent research in the domain. Design/methodology/approach A model with an appropriate rationale has been developed to address the gaps in AI ethical considerations and governance, complementing the prevailing shortcomings of AI systems and processes in the financial sectors of select countries. Findings The authors found that some countries had stringent AI considerations and guidelines, while others had comparatively loose guidelines. To address the inconsistencies, a model covering the relevant dimensions has been framed, which can fill the current gaps in the countries studied or to be analyzed using this framework. Originality/value The research discusses and analyzes the multidimensional facets of AI, as well as the risks that should be assessed and mitigated in organizations, with a focus on country-specific guidelines.
Authors
- Deepanjana Varshney (ORCID: https://orcid.org/0000-0001-8493-6401)
- Aditya Varshney
Institutions
- Abu Dhabi University (AE)
- SRM University (IN)
Publication Details
- Journal
- Journal of Modelling in Management
- Published
- 2026-01-23
- DOI
- https://doi.org/10.1108/jm2-09-2025-0467
- Primary Topic
- Ethics and Social Impacts of AI
- Type
- article
- Field-Weighted Citation Impact
- 0.00