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On 23 November 2023, UK Finance published a report on the impact of artificial intelligence (AI) in financial services, including opportunities, risks and policy considerations.
On 23 November 2023, UK Finance published a report on the impact
of artificial intelligence (AI) in financial
services, including opportunities, risks and policy
considerations.
The report examines the state of play of AI in the financial
sector – where it is being deployed, where it shows promise
for the future and how to make the most of the opportunities on
offer.
The report also looks at AI risks and mitigations. Furthermore,
it examines the policy landscape, including the state of regulation
and options for resolving key policy questions that will need to be
answered in order to ensure a regulatory approach that mitigates
risks effectively, while enabling responsible innovation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
