European AI Scanner

UK — Government (GOV.UK) · 2023-09-19 · EU · verified record

Themes: Artificial intelligence · Cross-sector · Online platforms

Ecosystems: EU AI Act

European AI Scanner European AI Scanner, the RegTech tool for EU AI Act compliance. It allows firms to identify and risk classify their AI systems to comply with the various regulatory obligations, namely Articles 2, 17, 9, 61 and 62. Background & Description Problem The approximate number of artificial intelligence (“AI”) systems interacted with by firms in the financial services sector is between 18,000-30,000, leading to ambiguity over their compliance costs and uncertainty over their risk exposure. The problem made AI adoption, either new systems or augmenting existing systems, by small an

European AI Scanner European AI Scanner, the RegTech tool for EU AI Act compliance. It allows firms to identify and risk classify their AI systems to comply with the various regulatory obligations, namely Articles 2, 17, 9, 61 and 62. Background & Description Problem The approximate number of artificial intelligence (“AI”) systems interacted with by firms in the financial services sector is between 18,000-30,000, leading to ambiguity over their compliance costs and uncertainty over their risk exposure. The problem made AI adoption, either new systems or augmenting existing systems, by small an…

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