Wire · regulatory
AI in Creditworthiness Assessment Following the Adoption of the Digital Omnibus
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Fusion42 · 29 September 2026 · Fusion42 review
The EU's AI Act classifies creditworthiness assessment AI systems as high-risk, requiring banks and fintechs to comply with strict obligations starting December 2027, following a 16-month postponement under the Digital Omnibus. Despite the delay, transparency rules effective from August 2026 remain in force, and GDPR provisions on automated credit decisions already apply, urging financial institutions to advance compliance now rather than wait.
This Wire brief sits within Fusion42's coverage of Fintech.
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You must accelerate your AI credit model compliance before December 2027 or risk penalties despite the postponement. The transparency and GDPR rules already require action today, making early compliance critical for market access.
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1 source · 29 Sep 2026
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