In the beginning of 2025 the European Parliament officially adopted the EU Artificial Intelligence Act – the first encompassing international legislation on the use of AI systems within the European market. Especially for high-risk use cases, the new legislation comes with vast regulatory requirements. Coming into force on August 2nd, 2026 they will span at least the underlying data quality, accuracy, fairness, robustness, explainability, transparency, safety and cybersecurity of AI systems. Enormous fines are on the line in case of non-compliance, with up to 15 million euros or 3 percent of the offender’s total worldwide annual turnover awaiting offenders. 

 

 Who is transfAIr_lab for? 

transfAIr is designed for financial institutions that develop, deploy, or audit AI systems – and seek to navigate the new EU AI Act with confidence. 

  

The transfAIr_lab project 

In the transfAIr_lab project, we develop a software solution that enables financial institutions to implement the complex EU conformity assessment the easy way. We map high-level requirements of the AI Act to actionable technical requirements and test your model against benchmarks grounded in standards and academic research. The project is developed in close cooperation with Goethe University Frankfurt, ensuring scientific rigor and alignment with current research in the field. While our toolkit will allow you to generate comprehensive, audit-ready documentation with a single click, it will also uncover underlying issues and provide valuable insights to support informed, forward-looking decisions. As a result, it will simplify conformity assessment for audit and reporting needs – while enabling deeper insights when you need full control and understanding of your AI systems. With transfAIr, our mission is the responsible use of AI today – for safer and better financial services tomorrow. 

  

Do you want to collaborate in our joint work towards responsible AI? 

Are you interested in automated and straightforward conformity assessments with the new EU legislation? Do you need support in building responsible and fair AI models? Feel free to reach out to us at [email protected].