Alona Klochko
Sumy National Agrarian University and University of Neuchatel
Resume
Professor of the International Relation Chair at the Law faculty of Sumy National Agrarian University, Doctor of Legal Sciences, Professor (Sumy, Ukraine). From May, 2022 she worked as a Research Professor and from February, 2023 as a Visiting Professor at the Law Faculty of the University of Neuchatel (Switzerland).
She has been Ph.D. in Law since 2012. Subject of her Ph.D. thesis is “Criminological Characteristics of Bank Robberies and Its Prevention by the Organs of Internal Affairs” (Dnipro State University of Internal Affairs, Dnipro, Ukraine). In 2020 she defended her thesis for Doctor’s degree in Law (Habilitation), specialty 12.00.08 – Criminal Law and Criminology, Criminal Executive Law. The subject of the doctoral thesis is “Theoretical and Practical Grounds of Counteracting Crime in the Field of Banking in Ukraine” (public presentation at the Institute of State and Law. V.M Koretsky of the National Academy of Sciences of Ukraine, Kyiv). In 2020 she was awarded the title of the Professor of the Department of International Relations of Sumy National Agrarian University.
Abstract
Artificial Intelligence in The Banking Sector (Evidence From Ukraine)
Alona Klochko
The need for modernization of the Ukrainian banking sector is underpinned with the necessity of its effective protection from both internal and external threats, including those caused by the imposition of the martial law. This need also results from the status of a candidate for EU membership acquired by Ukraine, which opens up opportunities for the National Bank of Ukraine to implement the relevant European integration processes in the financial sphere. The research aims to analyze the current state and prospects for the further implementation of artificial intelligence (AI) technologies in the banking sector of Ukraine, in particular for the prevention of criminal offenses. The method of comparative law is used to analyze the legal framework for AI regulation in Ukraine and other countries. Following the results of the research, specific proposals were formulated regarding criminal liability associated with the application of artificial intelligence. The current state of AI application in the Ukrainian banking is determined. Specific directions of the strategy for the development of the Ukrainian banking through the use of AI technologies are proposed, which focus on improvement of functioning, and their essence is outlined. The implementation of the proposed measures relating to the strategy for the development of the banking sector will allow for the future significant improvement of interaction between banking institutions and consumers of banking services, in particular, support of the users on any issues arising in the process of their use, assessment of the borrower credibility risks, financial advice, timely detection and prevention of fraud and other activities of banking institutions of Ukraine. It can also contribute to the timely monitoring of legal documents and the latest changes in the current banking law.