MeetUp on AI Act & European AI Regulation

The financial industry, which is constantly seeking growth, speed, efficiency, and optimisation, is fertile ground for the emergence and development of innovative solutions based on artificial intelligence, including machine learning, which already has a number of applications in the market and is growing rapidly.

Financial institutions have an incentive to use AI and machine learning, which provide many advantages such as cost reduction, process automation, risk-management optimisation, improved productivity, and increased profitability. Furthermore, new innovative firms, Fintechs, are developing new technologies to optimise and rethink the provision of financial services.

AI and machine learning are already being used in the financial markets, in particular with respect to investment, fraud management and lending. The adoption of these disruptive technologies was stimulated by technological progress and the increasing availability of the big data used by artificial intelligence and machine learning models, but also by quest for profitability, competition with other companies, and the need to comply with financial regulations.

Artificial Intelligence will be soon regulated in the EU by the AI Act, the world’s first comprehensive AI law and the financial services sector (including Fintech) will be impacted.

Our meetup will describe the main use cases of AI by financial institutions, as well as the role that Fintechs play in it. We will also present the existing regulations already applicable while discovering the future impact that the AI Act will have on FinTech companies, as well as on the rest of the financial services sector.

We will have the pleasure of hosting Dan-Flaviu Nechita, Head of Cabinet of Dragoș Tudorache (MEP), who directly worked on the AI Act, as well as Nicolas Kalokyris, lead lawyer at DLA Piper law firm.
Both will provide an overview of the existing regulation on AI and also what the AI A ct will change for our industry.

Following that, we will have Christophe Himpens from Discai and Laurent Bodson from Gambit Financial Services, who will explain the consequences and opportunities of AI regulation on their activities.

We will also welcome several AI-focused fintech companies to pitch their businesses, and we will conclude the evening with a panel discussion moderated by Pierre Berger (Partner at DLA Piper) to answer all your questions.

PROGRAMME

• 18:00 - 18:30: Opening and welcome drinks
• 19:00 - 19:02: Welcome Moderator
• 19:03 – 19:05: Welcome  from DLA Piper (Pierre Bergé)
• 19:05 - 19:15: DLA Piper – Nicolas Kalokyris – Global overview of the AI Act or Overview of the current AI regulation outside the AI Act
• 19:15 - 19:25: Speech of MEP Head of Cabinet (Dan-Flaviu Nechita) on his vision of AI regulation and how to keep this technology as an opportunity for European Union  (confirmed speaker) or an explanation of the AI Act and the impact on the fintechs.
• 19:25 - 19:35: Discai  (Christophe Himpens) – How they see the impact of AI Act on their business (speaker to be confirmed yet)
• 19:35 - 19:45: Gambit (Laurent Bodson)– How they see the impact of AI Act on their business and on investment (speaker to be confirmed yet)
• 19:45 - 20:30: Roundtable with the speakers moderated by Pierre Bergé (CEO of DLA Piper) + Q&A with the audience
• 20:30 - 22:00: Walking Dinner (Meet & Greet)

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