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Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog | Technology News

Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was already seeing AI-bas...

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