Good morning, A. Ferreira.Meridian Bank (demo) · the register of AI products
Register an AI product
The bank registers each AI product before it approves it for its customers. The entry records the provider's identity, who is accountable, its insurance, the payment intent, its UK data protection declaration, and Independent Assurance Evidence that the product meets the minimum assurance requirements for its use case. Seven completeness checks run and are recorded; the bank then approves the product for its list, with ceilings and a hold condition, or not.
Products on the register
| Registration | AI product | Provider | Assurance level | Filed | Register | Meridian Bank (demo) |
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Registration
The demo, in a few sentences
OpenPay Ltd is a synthetic AI company. Its product, PayGPT 6.0, reads supplier invoices and prepares payments. Meridian Bank (demo) is about to register it: who OpenPay is, who is accountable, its insurance, its payment intent and data protection declaration, and Independent Assurance Evidence at a declared level. The bank then approves the product for its list, or not. Meridian Bank (demo) then approves it for its customers, or not; Northgate Joinery Ltd, a small joinery business banking there, will give the agent a mandate; the bank will check every payment the agent asks for. Everything you are about to see is synthetic.
Register the product
Registering records the accountable principal's declaration that this entry is accurate. Completeness checks F.1 to F.7 run and are recorded with a signed receipt. Approval is the bank's separate decision, with ceilings and a hold condition.
On the register
Reference
Completeness checks F.1 to F.7 have run and are recorded next to the entry. A receipt signed by the register's key is below. The bank can now approve the product for its list, with ceilings and a hold condition.
Completeness checks
| Rule | Check | Source | Result |
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