Thursday 07th August, 2025
“Learn over lunch”: the AI Act
The first of an occasional series of informative 30-minute virtual insights on topical business issues, labelled “Learn over Lunch”, kicked off in July with a talk by Parva Consulting on the AI Act. Attendees came away with a clear understanding of what the EU AI Act is, what it is trying to do and what is aims to avoid, and how AI technologies are being deployed in Ireland and the EU in context of this regulation.
The EU AI Act is the world’s first comprehensive AI regulation, designed to balance innovation with accountability through risk-based rules that safeguard rights, ensure transparency, and set clear expectations for AI use across all industries in Europe. The session was timely, as the first key provisions of the Act are coming into force in August 2025, with most requirements taking effect next year, requiring organisations to align their AI systems with the Act.
Parva Consulting’s digital strategy, transformation and technology lead Matthew Turnbull, compliance specialist Nataliia Holovko and business change manager Jack Daly brought a rich depth of experience and knowledge to the session, which distilled the EU AI Act’s wide-reaching framework, revealing how it impacts cutting-edge AI applications across all industries in Ireland and calling out specifically impact to financial services, from credit scoring to fraud prevention and more. We discussed whether these regulations stifle innovation or provide essential guardrails to this groundbreaking technology, and provided examples of real-world applications.
Parva Consulting is a specialised management consultancy firm operating within the financial services sector. They provide tailored strategies and solutions to address complex business challenges across areas such as Assets & Wealth Management, Retail & Corporate Banking, Securities & Fund Services, and Insurance. Parva believes project implementation is firm-specific and requires flexibility and requires a resolutely ‘hands-on’ approach. As a boutique consultancy, Parva identifies, designs and implements tailored solutions working together with our clients. Their expertise lies in delivering insightful, bespoke solutions designed to achieve tangible results and facilitate business transformation, incorporating digital advancements at the fore of technological change.
if you missed it, you can view this virtual event here.
Parva Consulting have also shared the following useful links with us for our members.
Article – EU AI Act : bridging ethics, innovation and governance
Article – The road ahead: governance, deadlines and what the EU AI Act means for you
Article – The EU AI Act : theory to practice
Focus page – Artificial intelligence
