Speakers
Chair
Fausto Parente
Executive Director - European Insurance and Occupational Pensions Authority (EIOPA)
Public Authorities
Jutaro Kaneko
Deputy Commissioner for International Affairs - Financial Services Agency, Japan (J-FSA)
Ondřej Kovařík
Former MEP - Committee on Economic and Monetary Affairs, European Parliament
Industry Representatives
Daniel Kapffer
Chief Financial Officer & Chief Operating Officer - DekaBank Deutsche Girozentrale
Jodi Marlette
Director, Compliance and Security Assurance - Amazon Web Services (AWS)
Ruairi O’Connell
Director of International - Financial Conduct Authority (FCA)
Objectives
This session will examine the main drivers of AI adoption in the financial sector and the operational, organisational, and risk-related challenges that must be addressed to enable effective scaling. It will also assess whether the EU policy framework provides the right conditions for responsible deployment, how this framework compares with approaches in other jurisdictions, and what further actions may be needed at EU and international level to support innovation while managing risks.
Points of discussion
- AI adoption in the financial sector: key drivers and obstacles: What are the key drivers of AI adoption in the financial sector?
- What operational challenges and risks need to be addressed to scale up AI use?
- Are there concerns regarding the return on investment of AI projects?
- Role of policy measures in the uptake of AI and future priorities for scaling AI in the financial sector: Does the EU policy framework adequately support the adoption of AI in finance?
- How does it compare to the initiatives led in other jurisdictions?
- What further actions are needed at EU and international level to facilitate the scaling of responsible AI systems?