Menno Broos is the project lead for the digital euro at the Nederlandsche Bank, the Dutch central bank. In this capacity, he participates in the project steering group (PSG) of the digital euro project together with other counterparts from the Eurosystem.

De Nederlandsche Bank is the central bank of the Netherlands and its prudential banking supervisor, working closely together with other institutions in the Eurosystem and the SSM.

2024: an AI odyssey

As AI is being integrated in the financial sector, we highlight its potential and current limitations. AI is mainly used in peripheral activities like customer service, with limited application in core financial processes due to regulatory concerns. The Dutch Central Bank (DNB) supervises AI usage, ensuring compliance with the European AI Act, which includes fundamental rights like privacy and non-discrimination. DNB encourages financial institutions to experiment with AI while maintaining transparency and regulatory compliance. We emphasize the importance of collaborationetween financial institutions and AI experts to fully realize ist potential.