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This post explains how European financial institutions should build adaptive data governance platforms amid shifting EU regulatory requirements.
•The EU's Digital Omnibus and AI Omnibus proposals aim to streamline overlapping obligations across the AI Act, GDPR, and Data Act while preserving privacy standards.
•Banks like Rabobank, Santander Bank Polska, and ABN AMRO use Databricks Unity Catalog for audit-ready governance with fine-grained access controls and automated data lineage.
•Raiffeisen reduced a 30-day annual compliance report generation to minutes using this platform, approved by EU supervisors.
•Erste Group replaced ticket-based compliance processes with a conversational AI governance agent built on Databricks.
•ABN AMRO achieved 10x faster time to market with Azure Databricks, supporting fraud detection across hundreds of terabytes.
This summary was automatically generated by AI based on the original article and may not be fully accurate.
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