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AI adaptation must maintain trust and regulatory compliance : Marc Giombetti

Marc Giombetti highlights the transformative role of AI and generative AI in personalising insurance policies and streamlining risk assessment, while emphasising the need for a strategic, responsible approach that balances technological innovation with customer trust and regulatory compliance, in this final interview of the AI in Finance series.

Compliance will need banks to explain how the AI systems work : Legal experts

The growing role of artificial intelligence in processing information for legal documentation and counsel won't eliminate the need for human lawyers or ethical judgments, argue Marc Mouton and Astrid Wagner, partners at Arendt & Medernach.

Generative AI moving towards hyper-personalisation : Andreas Braun

Andreas Braun highlights the potential of generative AI in transforming financial services in Luxembourg through hyper-personalisation. This advanced technology aims to tailor services and experiences to individual client needs, thereby boosting client retention and satisfaction.

Bil card limit extensions are treated automatically by an AI : Olivier Ramlot

Deeper customer classification, better fraud detection and automatic customer profiling for KYC compliance are three key AI projects at Banque Internationale à Luxembourg in 2024.

Post-inflation mortgage rates to level at 3%-4%: Rudolphe Aben

Energy efficiency’s growing impact on property price negotiations, a predicted real estate market rebalance due to supply changes and potential government measures, along with the profound influence of mortgage rates on purchasing power are Rudolphe Aben’s key points in this second part of a discussion with Delano.

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