EU Commission to Host AI Workshops for Finance Sector

The European Commission is actively soliciting input from financial sector participants to assess the use and risks of AI in finance and to prepare for the AI Act. It has set up two main initiatives: practical workshops hosted by the AMF, inviting firms with AI projects to share experiences from September to December 2024, and a public consultation seeking broader industry feedback on AI's opportunities and challenges. These efforts aim to inform the commission and refine the regulatory framework, paralleling Swift's recent AI pilots to combat fraud in cross-border payments. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech