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By Elena KAZMINA, Director, Risk and Regulatory Advisory Andreas BRAUN, Managing Director, Artificial Intelligence Solutions – PwC Luxembourg
A paradox that demands leadership
Artificial intelligence is reshaping the risk landscape of European credit institutions with a speed few prior technologies have matched. It is simultaneously one of the most powerful tools available to risk teams and one of the most consequential risk drivers that boards and senior management must govern, with support from Compliance and Risk.
For credit institutions operating in Luxembourg, the stakes are particularly high. As a hub for cross-border banking, asset management and payment services, Luxembourg’s financial sector...
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