Regulatory guidance on artificial intelligence (AI) may change now that the UK has a new Labour government, and firms will need to seek new ways to innovate, Chartered Institute for Securities and Investment chief executive Tracy Vegro has said.
Speaking at the Financial Technology Research Centre's Artificial Intelligence in Financial Advice conference today (10 July), Vegro said the UK has "forgotten how good it is at ideas". "Other countries are looking at us as the gold standard, and to be the gold standard, firms need to continue to innovate," she told delegates. "The Middle East is taking lessons from us." Vegro said that AI is the "biggest thing coming". She urged advisers to consider how they are going to use it. "AI is the industry's fear factor." She also called on the regulator to consider how it is going to bri...
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