How will the FCA's AI Lab impact the wealth management market? Carl Woodward explores the issues...
The use of Artificial Intelligence (AI) in the wealth management industry has obviously become a big topic over the last couple of years. However, implementing the tech and scepticism around its use has dominated the discussions. In a bid to tackle these issues, the Financial Conduct Authority (FCA) recently launched its AI Lab to support innovators in developing new AI models and solutions. The UK regulator has said this is a chance for the whole industry to work together in shaping the future of AI in financial services. The AI Lab will be made up of four components: AI Spot...
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