AI in Finance: Balancing Innovation and Risk

by name voted on 25.11.2025

Summary

This report examines the impact of artificial intelligence on the EU financial sector, highlighting opportunities for innovation and the necessity of managing risks like bias and market concentration.

10 25.11.2025

Report

finance

economy

administrative law

business and competition

information technology and data processing

Key points

Artificial intelligence is being widely adopted across the EU financial sector to improve efficiency and automate routine tasks.
Certain uses of AI, such as credit scoring and insurance pricing, are classified as high-risk and require strict oversight.
Poor data quality and lack of model transparency can lead to discriminatory outcomes and privacy breaches for consumers.
The heavy reliance on a small number of third-party technology providers creates systemic risks for the financial market.

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Verts/ALE

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Documents (PDFs)

DRAFT REPORT on impact of artificial intelligence on the financial sector REPORT on the impact of artificial intelligence on the financial sector Impact of artificial intelligence on the financial sector Follow up to T10-0286/2025

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.