Trinity researchers secure €365k for AI-driven business ethics platform development

2023-09-19 16:22:30

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An AI-driven Business Ethics Platform Receives €365k in Funding

A team of researchers at Trinity College Dublin has secured funding to develop an AI-driven platform aimed at addressing ethics and compliance issues within large multinational corporations. The IntegrityIQ platform, a spin-out of Trinity Business School (TBS), will provide employees with a simulated corporate environment to train them in ethical decision-making and improve their understanding of integrity risks and corporate culture. The platform will utilize virtual avatars based on employee profiles and involve immersive simulations of ethical dilemmas.

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Additionally, the IntegrityIQ platform will serve as a tool for making protected disclosures, commonly known as whistleblowing, and capture real-time data for internal and external reporting purposes. The aim is to help organizations identify and mitigate financial losses caused by fraud, corruption, and unethical behavior.

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The project has already garnered interest and support from various global companies, some of whom are considering participating in pilot initiatives to test the software. Dr. Daniel Malan, director of the Trinity Corporate Governance Lab at TBS and founder of IntegrityIQ, believes the platform fills a critical gap in the market. According to him, many large multinational companies struggle with ethics and compliance training, resulting in substantial financial losses. He emphasizes that companies are actively seeking innovative solutions to address these risks.

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Highlighting the importance of the project, Tom Pollock, commercial development manager at Learnovate, states that unethical behavior's negative impact on organizations is frequently reported in the news. He considers the IntegrityIQ project an opportunity to make a real difference in this space, aligning with Learnovate's expertise in immersive learning.

The development of the IntegrityIQ platform comes in the wake of significant penalties faced by Wall Street institutions for failing to monitor staff communications regarding work-related matters. Last year, 16 Wall Street institutions received fines amounting to £1.8bn due to their inability to preserve a majority of these communications, leading to violations of federal securities laws as stated by the US Securities and Exchange Commission.

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