Category: Fintech
-
AI governance in Swiss banks: an operational guide to implementing FINMA Communication 08/2024
The growing adoption of artificial intelligence (AI) in the banking sector offers major opportunities, but also poses operational, legal and reputational risks that regulators are seeking to control. On December 18, 2024, FINMA issued Communication 08/2024, calling on banks to actively integrate AI risk management into their governance systems (see not. Cuevas, cdbf.ch/1392). The communication…
-
Blockchain and data protection : what the EDPB’s perspective mean for companies
On April 8 2025, the EDPB has released its Guidelines 02/2025 on processing of personal data through blockchain technologies that are currently subject to a public consultation until 9 June 2025. In these guidelines, after having provided a description of the technology of blockchains (I), the EDPB evaluates blockchain-based processing in light of the main…
-
Defining artificial intelligence systems in the light of the European AI Regulation: the banking sector wins a battle
The entry into force of the European Regulation on Artificial Intelligence (AI Act) has major implications for financial institutions, including Swiss banks operating in the European Union. This article analyzes the guidelines published on February 6, 2025 on the definition of “AI systems” and their direct consequences on the use of tools for credit analysis,…