From promise to practice: How AI is transforming the economy, the financial sector and financial supervision
Remarks by Tuomas Välimäki, Member of the Board. A speech or remarks are the speaker’s, not the Bank of Finland’s policy unless its own text says so. Dated 2025-11-05. Occasion: Impact of AI on Economy, Finance and Supervision seminar (Bank of Finland and Finnish Financial Supervisory Authority).
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- From promise to practice: How AI is transforming the economy, the financial sector and financial supervision Bank of Finland · published 2025-11-05 · Retrieved for the candidate pack on 2026-11-02 (SHA-256 1178ad9c1773b29f42093ff33c324c873f34f99490c04d4fbe1fa93a92d8daaf). Retrieved again at admission on 2026-11-06 (SHA-256 6f2cb41558515270bd6f02f85579eae5fa92e922fb3dc82dbf009a5cde763463; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02
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- AI and money: what central banks and financial authorities have said, 1997–2026 →3 records on this document
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Propositions whose criterion a passage of this document meets. The record says what the text states, in its register; it is not evidence that the proposition is true.
- Reliance on a few AI providers creates concentration riskIn opening remarks on 5 November 2025, Tuomas Välimäki, Member of the Board of the Bank of Finland, said that dependence on third-party service providers is a key concern and that authorities must identify the critical service providers behind banking services, including providers of AI models.2025-11-05 · event · Stated in source · Supported Inspect claim & evidence ↗Reliance on a few AI providers creates concentration risk: propositions page →
- AI can improve nowcasting and policy analysisIn opening remarks on 5 November 2025, Tuomas Välimäki, Member of the Board of the Bank of Finland, said that the Bank’s machine-learning “robot economist” forecasts Finnish GDP growth with the latest data in a nowcasting model, and that central banks’ typical machine-learning uses include GDP nowcasting and crisis prediction.2025-11-05 · event · Stated in source · Supported Inspect claim & evidence ↗AI can improve nowcasting and policy analysis: propositions page →
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- AI agents will change payment flowsIn opening remarks on 5 November 2025, Tuomas Välimäki, Member of the Board of the Bank of Finland, asked how soon customers might rely on personal AI agents to manage their finances autonomously instead of making their own spending or investment decisions.2025-11-05 · event · Stated in source · Supported Inspect claim & evidence ↗AI agents will change payment flows: propositions page →
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