MIAMI, Oct. 29, 2025 /PRNewswire/ - The National Association of Credit Bureaus (ANBC), from Brazil, is attending the Assembly of the Latin American Federation of Banks (FELABAN), which will be held from October 31 to November 3 in Miami. Elias Sfeir, president of ANBC, will be one of the panelists on “The double-edged sword: benefits and risks of AI”, on November 1 at 12 noon.

The panel will bring together global leaders such as Samuel Beck, from J.P. Morgan; Tom Zachach, from SWIFT; and Susana Sierra, CEO of BH Compliance. The aim is to discuss the impacts of Artificial Intelligence on the financial ecosystem, with an emphasis on risk analysis, data protection, automated decisions and regulation. “AI has expanded the analytical capacity of credit models, while at the same time demanding a change in operating culture, governance, transparency and accountability. Innovation must go hand in hand with data protection and financial inclusion,” says Sfeir.

In bureaux, the use of AI contributes to the effectiveness of processes, with significant gains in efficiency, data updating and fraud prevention. For more than two decades, the sector has been using machine learning algorithms for risk analysis and credit behavior.

Data from Febraban's Banking Technology Survey shows that 74% of institutions identify cost savings and increased efficiency with AI. In addition, 63% report improvements in fraud prevention. In Latin America, where small and medium-sized companies face challenges in accessing finance, AI is emerging as a strategic ally for reducing operating costs and enabling customized solutions.

The Brazilian institution is also closely monitoring the global regulatory landscape. The recent approval of the AI Act by the European Union established pioneering guidelines for the ethical and safe use of AI. “The development of a balanced legal framework is fundamental to guaranteeing the use of AI in credit. ANBC advocates an approach that values innovation, respects consumer rights and promotes an environment of trust and inclusion,” adds Elias.

ANBC acts as a link between innovation and financial sustainability. Participation in the FELABAN Assembly reinforces this mission. Organized by FELABAN and FIBA (Financial & International Business Association), the meeting brings together the region's main leaders and experts to discuss economic, technological and regulatory issues that impact Latin American financial development.