Artificial intelligence in financial services: Where does the regulator stand?

Must be adopted in a safe, responsible, and compliant way.

clock • 4 min read

Sandy McGregor explores the Financial Conduct Authority’s stance on AI..

Artificial intelligence (AI) is becoming increasingly prominent in financial services. It has the potential to transform the way firms serve their clients and increase access to financial services. There has already been plenty written about the benefits and drawbacks of AI and how its use could impact financial planning firms, but what's the Financial Conduct Authority's (FCA) stance on these developments?  And how could AI play a part in a changing advice landscape under the Advice Guidance Boundary changes? Well, the FCA has published various updates on AI already and, in short,...

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