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.
Three out of four UK financial services firms now using AI
Key takeaways from the Bank of England and the FCA’S latest survey of AI in UK financial services.