The Association of Ukrainian Banks (AUB) has announced the launch of an Artificial Intelligence Competence Center for the financial sector. The initiative aims to bring together market participants around practical issues related to the implementation and regulation of AI.
The idea of establishing the Center emerged in response to a practical demand from market participants. This was announced during an industry meeting attended by representatives of both the banking and non-banking financial sectors by Serhii Sinchenko, Chairman of the AUB Committee on Non-Bank Lending and CEO of Moneyveo.
“For the non-banking financial sector, artificial intelligence is no longer a matter of the future—it is a matter of efficiency today. Therefore, I sincerely hope and expect that this Center will become a practical tool for the market, providing methodology, recommendations, experience sharing, and a clear position for the entire financial community,” he said.
The project concept was presented by Ruslan Kostetskyi, Head of Development and International Relations at the Association of Ukrainian Banks. One of the Center’s key objectives will be to help financial institutions prepare for future AI regulation and study European approaches in this field.
“We want the market to have access to ready-made tools, understand which solutions are already working, and know how to apply them in practice,” said Ruslan Kostetskyi.
The Center will support financial institutions in implementing AI-based solutions, managing associated risks, and preparing for future regulatory requirements.
Its main areas of focus will include analyzing European AI regulation, developing recommendations for the market, training specialists, and collecting practical case studies on the use of AI in the financial sector.
Particular attention will be paid to fraud prevention, financial monitoring, risk modeling, and the use of generative artificial intelligence.
The initiative has also received support from the National Bank of Ukraine (NBU). The NBU believes the Center can serve as a platform for consolidating the views of market participants, developing practical case studies and methodological materials, and shaping approaches to the responsible use of artificial intelligence in the financial sector. The regulator has also expressed its readiness to participate in the Center’s activities.
