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Archive » November 2024 » Artificial Intelligence in banks: a guide to adoption

Artificial Intelligence in banks: a guide to adoption

Giusella Finocchiaro
November 2024 - n. 11
Keywords: Intelligenza artificiale, banche, cybersicurezza
Jel codes: G21, G28, O33, K24

Meeting the challenge of Artificial Intelligence requires a reconstruction of the composite framework of rules to be applied, starting with the Artificial Intelligence Act, which, however, does not exhaust the rules applicable to Ai. Having examined the scenario in which the bank acts as a deployer of Ai systems, but also as a systems provider, in the light of the Ai Act, the article reconstructs the compliance framework for the adoption of Ai by banking institutions also in the sphere of cybersecurity and data protection, coming to highlight the role of contracts. In the picture thus outlined, the instruments of private autonomy – contracts, but also guidelines, codes of conduct and internal policies – emerge as crucial elements in building an adequate model to govern change.

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