As AI quickly shifts from everyday tools to comprehensive AI
platforms, from pilot projects to daily operations, financial
institutions face practical challenges around adoption, regulation
and trust. AI carries enormous potential for operational
efficiencies and enhanced product and client experience important
for the Luxembourg financial sector.
Yet, with innovation comes responsibility. While the security of
AI applications relies on similar concepts as to traditional ICT,
there are specific implementation considerations. Below, we have
outlined a few key considerations that financial institutions
should consider when building their AI strategy.
| Requirements for the use of traditional ICT tools (e.g.
under DORA) |
