Risk & governance
Explainability
Methods that help people understand why a model produced an outcome.
Also known as: XAI
Definition
Explainability provides human-interpretable information about important inputs, reasoning evidence, rules or factors behind a model result.
Why it matters
Financial decisions may require understandable reasons for customers, reviewers and regulators, not only an accurate prediction.
Related concepts
- Chain of thought
Intermediate reasoning steps produced or used while solving a task.
- Interpretability
How directly a person can understand a model's internal mechanics.
- Audit trail
A durable record of inputs, evidence, decisions, actions and versions.