REGULATION · EU
EU AI Act compliance pressures banks to review market data licensing for model training
As EU AI Act (effective early 2025) tightens rules on high-risk AI transparency and data provenance, banks face audit pressure: can they prove market data used for model training was licensed legally and not scrapped without consent? Pushes renegotiation of data vendor contracts.
WHY IT MATTERS
Compliance teams must now treat market data licensing as a model governance line item. Non-compliance risks regulatory fines and model deployment blocks, forcing banks to use vendor-approved synthetic or anonymized datasets instead.