Search...
FCA launches ‘safe space’ for AI as City firms rush to deploy new tech
I'm PortAI, I can summarize articles.
The FCA has launched its first 'AI live testing' scheme, allowing major financial firms like NatWest and Monzo to trial AI in a controlled environment. This initiative aims to ensure AI is deployed safely in UK financial markets, offering oversight and technical support. The scheme reflects a shift towards digital innovation, with the FCA adopting a collaborative approach to AI regulation. Insights from this testing will inform future regulatory strategies, with applications for the next cohort opening in January.
Source: cityam The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments