Three-quarters of UK financial firms use AI – BoE’s Breeden
Deputy governor previews survey result in speech on AI’s financial stability risks
Three-quarters of financial firms in the UK are using artificial intelligence (AI) in their operations, according to Sarah Breeden, deputy governor for financial stability at the Bank of England (BoE).
Breeden, who also sits at the monetary policy committee, spoke at a fintech conference in Hong Kong on October 31 about the financial stability risks of AI. She said the BoE would soon release the full result of its survey on how financial services firms are using AI and machine learning.
She noted
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