The Financial Conduct Authority is asking firms how its live AI testing service can help them to utilise safe and responsible AI, as well as how it can aid UK consumers and markets.
A new component of the FCA's AI Lab, which has previously supported firms with their AI development, is aiming to help bridge a testing gap which has delayed firms' adoption of AI, according to the watchdog. FCA to replace portfolio letters with market reports in simplification push Furthermore, the live testing service would support firms when collaborating with the FCA while their AI tools are checked. This, in turn, provides the FCA with intelligence to improve its understanding of AI and its impact on UK financial markets. Jessica Rusu, the FCA's chief data, intelligence a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
