Banking on AI: Navigate challenges confidently to safeguard opportunities
Artificial intelligence became a priority topic of discussion among citizens, the industry, as well as regulators and policymakers, and with good reason, as it had immense transformative potential on many levels of social and economic life.
In banking, AI was seen as a powerful tool that provided numerous opportunities for the digital transformation of the sector and the further improvement of the provision of digital financial services, while it also entailed challenges that needed to be addressed.
On 14 November, the EBF, in partnership with EY, organized an online event to discuss all these aspects of AI and its role in banking. The event examined how the technology allowed for better, more secure, and innovative financial services, what challenges arose from its deployment, and how policy could play a pivotal role in boosting innovation and promoting security.
Participants joined this attempt to demystify AI, where they were accompanied by knowledge partner EY, AI experts from banks, and EU policymakers and institutional partners.
This event is organized by the European Banking Federation (EBF)
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.