The AI Act: Implications on credit and collections firms and recommendations

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Executive summary

The introduction of Artificial Intelligence (AI) in the financial sector has revolutionised how financial firms conduct their credit and collections operations. However, the European regulation on artificial intelligence (AI Act) has come to impose new regulatory requirements on financial services firms when they use, provide, import, or distribute software for customer credit assessment or biometric identification.

Our in-depth report delves into the impact of AI regulation and what it means for credit and collections firms. Take advantage of essential info to understand how this new regulation could affect your business.

Download the report and be informed on:

  • What is the European Union's Artificial Intelligence Act
  • What are the potential risks and implications for credit and collections firms
  • How can you ensure compliance
  • How QUALCO D3E can support the credit sector

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