James Francis, CEO of Paradigm Asset Management Unveils Commitment to Artificial Integrity in AI-Driven Asset Management

New York, NY – July 22, 2024 – Paradigm Asset Management, a leader in innovative asset management solutions, today announced its unwavering commitment to Artificial Integrity, a comprehensive framework that ensures ethical, transparent, and inclusive AI development. This initiative underscores Paradigm’s dedication to leveraging advanced algorithms and data analytics to deliver superior investment performance while maintaining the highest ethical standards.

Paradigm’s Vision for Artificial Integrity

At the core of Paradigm’s mission is a commitment to Artificial Integrity, which encompasses transparency, accountability, and inclusivity. These principles will guide the firm’s product development, decision-making, and client engagement processes as Paradigm looks to incorporate advanced AI and Generative AI into its operations going forward. Paradigm’s vision is to create a financial ecosystem where AI-powered asset management is not only effective but also ethical and transparent and is calling on the industry to take similar steps as it looks to embrace these new technologies.

Paradigm believes that transparency is crucial for building trust with clients and stakeholders as the firm continues to push the bounds of how data and technology can be leveraged to create better outcomes for its clients. The firm is committed to ensuring that its continued development of AI algorithms and data analytics processes are explainable and understandable. By providing clear insights and explainability into how decisions are made, Paradigm empowers its clients to make informed investment choices.

Accountability is another cornerstone commitment to Paradigm’s approach to AI development. The firm has pledged to implement rigorous auditing and monitoring systems to ensure that its models adhere to ethical standards. This proactive stance will help mitigate risks and ensure that AI-driven decisions are fair and unbiased.

Inclusivity is also integral to Paradigm’s Artificial Integrity framework. The firm actively involves diverse voices in its development process, ensuring that its models reflect a wide range of perspectives both from inside the firms as well as from trusted outside advisors. This approach not only enhances the accuracy and fairness of AI-driven decisions but also promotes social responsibility.

James Francis, CEO of Paradigm Asset Management, stated, “At Paradigm, we believe that the future of asset management lies in the responsible and ethical use of AI. Our commitment to Artificial Integrity ensures that our clients can trust the decisions made by our systems, knowing that they are transparent, accountable, and inclusive.”

Artificial Integrity Framework

Paradigm’s Artificial Integrity framework is designed to ensure that AI and data-driven processes are developed and deployed responsibly. The framework includes:

• Ethical AI Development: Paradigm’s AI models are built with ethical considerations at the forefront. The firm employs a multidisciplinary team of experts to review and assess the ethical implications of its AI systems.
• Transparent Algorithms: Paradigm’s algorithms are designed to be transparent and explainable. Clients will have access to detailed information about how AI-driven decisions are made, fostering trust and confidence.
• Data Integrity: Paradigm leverages a wide range of data sources to inform its models. Data validation is fundamental to the success and ethical deployment of AI systems. It ensures that AI models are accurate, fair, transparent, and compliant with regulations, ultimately leading to better performance and trustworthiness.
• Continuous Monitoring: Paradigm is committed to continuously monitoring its AI systems to ensure they remain aligned with ethical standards. This includes regular audits and updates to address any potential biases.

Gregory Pai, Sr. Managing Director, added, “Our Artificial Integrity framework is not just a set of guidelines; it is a fundamental part of our corporate ethos. By prioritizing transparency, accountability, and inclusivity, we are setting a new standard for AI-driven asset management.”

Paradigm’s innovative approach to AI-driven asset management is built on three key pillars: collective intelligence, broad data coverage, and proprietary model generation.

• Collective Intelligence: Paradigm draws from a vast pool of market insights embedded in its data sources to inform its models. This collective intelligence approach ensures that the models are informed with well-rounded and dynamic insights reflective of diverse market perspectives.
• Broad Data Coverage: With access to 45,000 securities across 75 global markets, Paradigm’s models are informed by a wide range of data. This broad coverage enhances the agility, flexibility, accuracy and reliability of the models.
• Proprietary Model Generation: Paradigm’s proprietary algorithms are designed to create innovative investment strategies that align with clients’ unique goals. These models are continuously updated to reflect the latest market trends and insights.

Paradigm Asset Management invites stakeholders to join in its mission of promoting Artificial Integrity in AI development. By choosing Paradigm, clients are not only opting for cutting-edge technology but also supporting a movement towards a more ethical and inclusive financial ecosystem.

Paradigm Asset Management’s commitment to Artificial Integrity sets a new standard for AI-driven asset management. By prioritizing transparency, accountability, and inclusivity, Paradigm is leading the way in creating a financial ecosystem that is both innovative and ethical. Together, we can ensure that AI serves all communities with integrity and respect.

About Paradigm Asset Management

Paradigm Asset Management is a leading provider of innovative asset management solutions, leveraging advanced algorithms and data analytics to deliver superior investment performance. With a focus on innovation, transparency, and social responsibility, Paradigm is dedicated to creating value for its clients and making a positive impact on society.

Media Contact:
James Francis
[email protected]