The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.
The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.
Europe's fledgling anti-money laundering enforcer announced plans on Monday to streamline how and when law enforcement agencies share intelligence on suspicious transactions to crack down on financial crime.
The finance watchdog said on Tuesday that it had found widespread failings that left many vulnerable people unaware of essential banking services or unable to get access to them, adding that Britain's biggest lenders have agreed to improve access to basic bank accounts.
Wise Payments has cleared a challenge to its "Wise" trademark after European officials rejected a Portuguese property developer's opposition because it failed to provide an English translation outlining the services covered by its own logo.
Britain's retirement savings watchdog has called on the pensions industry to engage with the government's consultation on new rules designed to stop workers from transferring long-term savings to bogus plans.
Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.
More than half of pension professionals support the government's plans to spur the £400 billion ($534 billion) local government pension system to invest in local economies — provided it doesn't affect the performance of funds, a trade body has found.
The U.K. has hit several Russian state scientific institutions and researchers involved in the development and production of the deadly toxins used in the murder of Alexei Navalny and the Salisbury poisonings.
Defense technology company Key Technologies Ltd. has completed a £5 million ($6.7 million) full-scheme buy-in to secure the retirement benefits of all 48 members of its pension program, U.K. consultant Broadstone said Monday.
A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.
