Story thread · 2 reports / 2 sources

German Financial Regulator BaFin to Monitor Banks’ AI Use

pymnts.com · 13dShare

Germany’s financial regulator wants to pay closer attention to the banking sector’s artificial intelligence (AI) use. This move by the Federal Financial Supervisory Authority (BaFin), announced Wednesday (July 29), comes after the watchdog was granted new powers under the European Union’s AI Act. “We will look into how banks, insurers and other financial entities use […] The post German Financial Regulator BaFin to Monitor Banks’ AI Use appeared first on PYMNTS.com .

First report: Germany's financial watchdog to monitor AI use at banks and insurers — channelnewsasia.com, 13d