ISITC TALKTIME: Is my AI Product High Risk Under the EU AI Act

ISITC TALKTIME: Is my AI Product High Risk Under the EU AI Act

Posted on March 23, 2026 by Cathy Wright

TalkTime Podcast: Is my AI Product High Risk under the EU AI Act

As artificial intelligence accelerates across financial services, one question is becoming impossible to ignore: Is your AI compliant, safe, and ready for regulation? In this insightful episode of ISITC Europe’s AI podcast series, Director Gary Wright sits down with Bob Morel, CEO of Genbounty, to demystify one of the most urgent topics facing firms today—AI risk classification under the EU AI Act.

Bob breaks down the essential first step for every organisation: conducting a formal AI risk assessment. Using Genbounty’s guided Risk Wizard, firms can quickly determine whether their AI systems fall into minimal, limited, high, or unacceptable risk categories. Each classification carries different obligations, and for many firms, the results may be surprising.

Listeners will gain clarity on:

• What each risk category really means—and why most enterprise AI will fall into the high‑risk bracket.
• Why even minimal‑risk AI still requires transparency and good governance.
• How unacceptable‑risk AI is already subject to enforcement, with fines reaching up to 7% of global turnover.
• Why general‑purpose AI models face the strictest scrutiny, and how this impacts every company building on top of them.
• How Genbounty and ISITC Europe help firms navigate compliance, from initial assessment to CE‑marking readiness.

Gary and Bob also explore the parallels with GDPR—highlighting why early movers will be safer, more trusted, and better prepared as enforcement ramps up.

If AI isn’t yet part of your organisation’s risk framework, this conversation makes it clear: it needs to be.

ISITC Europe and Genbounty are here to help firms take control of AI risk before regulators take control for them.

Stay tuned for more episodes in this essential AI series—designed to educate, empower, and future‑proof the financial industry.

Viewing time: 11 mins

Bob Morel, PhD, is a researcher and innovator specialising in financial technology, digital assets, and alternative investments. She leads Research, Development and Innovation (RDI) activities at Kiitot, focusing on digital asset valuation, tokenisation and regulatory technology (RegTech). Her focus is in SME services.

Dr Karkkainen is the author of The FinTech Evolution: Technology Push, Market Pull Dynamics, and Inertia and a member of the CAIA Association. Her work bridges academia and industry, combining econometric analysis, blockchain applications, and policy insight to explore how emerging technologies transform financial systems.

She has collaborated internationally on fintech education and research initiatives and contributes regularly to discussions on digital-asset markets and the future of financial infrastructure. You can read her latest article entitled ‘Utility Tokens in Portfolio Allocation: The Digital Counterparts to Commodities here