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Financial Services

AI Compliance for Financial Services

Credit scoring, fraud detection, and customer categorisation AI systems are classified high-risk under the EU AI Act. UK financial services firms serving EU customers must comply by 2 August 2026.

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Why Financial Services AI Is High-Risk

Credit Scoring & Lending

AI-driven creditworthiness assessments are explicitly listed as high-risk under Annex III of the AI Act.

Fraud Detection

Automated fraud systems must meet strict accuracy, bias testing, and explainability requirements.

Customer Categorisation

AI-powered risk profiling and segmentation that affects access to financial products falls under high-risk provisions.

KYC / AML Automation

Know-your-customer and anti-money laundering AI must be fully auditable, explainable, and bias-tested.

Read the full Financial Services sector guide →

Ensure Your Financial AI Systems Are Compliant

The compliance deadline is approaching. Get expert guidance tailored to financial services.

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