NFU Position paper – Artificial Intelligence in the Nordic finance sector

NFU is today publishing a Position paper on Artificial Intelligence in the Nordic finance sector. The paper is addressing the risks, challenges, and opportunities for finance employees connected to AI systems.

The rapid development in the use of AI systems in the finance sector brings potential challenges for finance employees. The challenges connected to AI is twofold: first, employees are expected to learn, understand, and use AI systems in their roles, and second, they are targeted by AI systems that measure their performances, used in management, and collecting their data.

Among the policy recommendations, NFU demand for an employee perspective when implementing AI systems. Employees must be offered training and competences both to use AI systems in their work and to assess when AI systems are being used in the workplace. Employees shall never be held liable for malfunctioning of AI systems. A strong role must be given to trade union representatives in the development, implementation, and evaluation of AI systems in the workplace. Further, harmonised regulation of AI is needed both at EU and global level that address the collective rights of employees and cumulative harms.

The position paper can be found through the link below.