In this FinOps Report article, Brenda Leong addresses confusion in applying AI legislation to financial services, noting disagreement over risk categorization. Brenda explains that “the decision on the level of risk should begin with a process of elimination which means that if it isn’t high risk based on Annex III of the AI Act, the application could be classified as limited risk.”
This article further explores how financial firms will have to adjust their strategies to comply with Europe’s AI Act over the next two years.
