Tag: Financial Regulation
10 articles tagged Financial Regulation
FCA faces privacy concerns over Palantir AI trial with sensitive data
The UK's Financial Conduct Authority is paying Palantir over £30,000 a week for a three-month AI trial analysing its data lake of case files and consumer data.
Palantir wins FCA contract to analyse sensitive financial data
The US AI firm will spend three months mining the Financial Conduct Authority's intelligence files, raising fresh privacy and sovereignty questions.
FCA Warns AI Risk Assessment Systems Failing to Improve Anti-Money Laundering Controls
The Financial Conduct Authority says AI models used to assess money laundering risks in professional services are producing unreliable results, with new law firms automatically assigned medium risk ratings.
FCA Launches Long-Term Review of AI in Retail Financial Services
The UK financial regulator is examining how AI could reshape consumer relationships, market competition and regulatory frameworks, with recommendations due this summer.
