Paris Calling – What Does the EU Summit Tell Us About the Future of AI?

Article

AI presents immense opportunities for financial services but comes with hurdles. While the U.S., China, and the EU adopt differing strategies, financial institutions face challenges like governance, accountability, and regulatory uncertainty. The balance between innovation and compliance is key to success.

Feb 25, 2025

Andreas Simou, Managing Director, Center for Financial Professionals

Tags: Cyber AI and Technology (including Fintech)

Paris Calling – What Does the EU Summit Tell Us About the Future of AI?

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Financial institutions are hesitant to fully embrace AI due to concerns about accountability, governance, and the need for clear strategic priorities.
Despite significant opportunities in fraud detection and risk management, regulatory uncertainty hampers AI adoption, particularly with Generative AI.
AI presents a competitive advantage for financial institutions, but cybersecurity remains the top investment priority.
Geopolitical and regulatory differences between the U.S., EU, and China influence AI development and its future in financial services.