Question: Case analysis for MasterCard and AI should include the following: 1. Describe MasterCard's business model. 2. Define the goals and objectives MasterCard should set for

Case analysis for MasterCard and AI should include the following:

1. Describe MasterCard's business model.

2. Define the goals and objectives MasterCard should set for its AI governance. These should include some quantifiable, measurable goals.

3. Could misuse of AI violate any external compliance requirements, such as EU privacy rules? How would you frame the need for rules governing AI use in terms of risk management and compliance?

4. What are the potential advantages or strengths of MasterCard's AI governance plan?

5. What are its potential disadvantages? What challenges does MasterCard face in successfully managing its use of AI?

6. Describe critical success factors for MasterCard's AI governance.

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1 Describe MasterCards business model MasterCard is a global payments company that facilitates the exchange of money between consumers merchants financial institutions and governments The companys bus... View full answer

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