Machine Learning in UK financial services 2019 (FCA, BoE)

A research paper from the FCA and the Bank of England

From:
Competition and Markets Authority
Published
25 March 2022
Category:
Ad hoc research
Original publisher:
Bank of England, Financial Conduct Authority - Insight
Research area:
Financial services, Technology
Research topic:
Artificial intelligence, Cloud computing, Data and AI, Fintech, Personalisation algorithm, Privacy enhancing technology
Research publish date:
16 October 2019

Abstract

The Financial Conduct Authority (FCA) and the Bank of England (BoE) conducted a joint survey in 2019 to better understand the current use of machine learning (ML) in UK financial services, including the current state of deployment, maturity of applications, use cases, benefits and risks.

Citation

Bank of England and FCA, Machine learning in UK financial services (2019) [online] Available at: Machine learning in UK financial services [Accessed 10 February 2022]

https://www.fca.org.uk/publications/research/research-note-machine-learning-uk-financial-services

Published 25 March 2022
Contents