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Three out of four UK financial services firms now using AI

Rubik;s cube in London
Photo: Tom Nicholson/Huawei/Getty Images

Hameed Shuja

2 min read
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Key takeaways from the Bank of England and the FCA’S latest survey of AI in UK financial services.

A significant increase in the use of AI by firms is revealed in the latest yearly joint survey by the Bank of England (BoE) and FCA. Figures show 75% are already using the technology, with another 10% planning to do so over the next three years. Those figures were 58% and 14% respectively in 2022.

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