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.
Databricks