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Singapore consults on AI risk management in financial firms
The guideline will define MAS’s expectations on to how financial institutions establish AI oversight, risk control mechanisms, and safe use of the technology.
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AI a double-edged sword in financial fraud, UK minister warns
Incidents of financial fraud are rising in the UK, and online scams are more common than ever. Ministers are calling for using AI to address the challenge.
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Rapid spread of AI, proliferation of APIs and sovereignty key data concerns
Thales Data Threat Report also reveals that firms dismiss data compliance audits as “checkbox” exercises.
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EU publishes General-Purpose AI Code of Practice
The Code aims to help AI firms comply with the EU AI Act obligations.
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FCA & NVIDIA: A new path for AI in UK financial services
The FCA’s Supercharged Sandbox will offer a pivotal opportunity for firms to experiment safely with AI to support innovation.
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FCA and Nvidia launch scheme to help UK firms experiment with AI
Sandbox will give firms access to better data, technical expertise and regulatory support to speed up innovation.
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Using AI could save UK civil servants two weeks a year, new trial reveals
Thousands of individuals who took part in the three-month trial the technology had made their daily tasks easier and took lesser time.
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SEC’s first AI roundtable event targets both innovation and risk
Experts from financial services firms, academic institutions and regulatory agencies discussed developments in AI, and potential benefits and risks.