AI Law - International Review of Artificial Intelligence Law
G. Giappichelli Editore

06/06/2024 - Increased Scrutiny on AI Use by Banks and Judiciary (Italy)

argument: Notizie/News - Banking Law

Based on an article from Italia Oggi, Italian banks and judicial institutions are facing increased scrutiny over their use of artificial intelligence (AI). The article discusses recent developments in regulatory oversight aimed at ensuring that AI technologies are used ethically and transparently.

The article highlights the measures taken by Italian regulatory bodies to monitor AI applications in the banking sector. These include mandatory risk assessments, regular audits, and the implementation of governance frameworks to oversee AI operations. The goal is to prevent biases, protect customer data, and ensure that AI-driven decisions adhere to legal and ethical standards.

In the judiciary, there is a growing emphasis on the ethical implications of AI in legal proceedings. Judges and legal professionals are being encouraged to undergo training on AI technologies to understand their potential impact on justice and fairness. The article underscores the need for clear guidelines and ethical standards to govern the use of AI in the judicial system.