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AI in retail finance poses growing risks to consumers, warns report

Summary by luxtimes.lu
New report warns current EU rules leave consumers exposed to AI-driven harm in banking and insurance
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The use of artificial intelligence (AI) is generating increasing interest in public administration because of its potential for efficiency gains, but this poses risks to democracy, as pointed out by a study conducted by British scientists.

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luxtimes.lu broke the news in on Thursday, July 17, 2025.
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