22 September 2021

UK Government releases National AI Strategy

Written By FinTech Alliance in Regulation

UK Government releases National AI Strategy

 The UK Government has released its 10-year strategy to become a “global AI superpower”. 

In Brief:

The Government will “invest and plan for the long-term needs of the AI ecosystem”. 

It will “support the transition to an AI-enabled economy” - ensuring the benefits of AI touch all sectors and regions of the UK. 

There’s also a focus on governance to make sure innovation and investment are encouraged while the public interest is protected. 

What does this mean?

The UK aims to remain a leader in AI, which the government says is backed by our world-leading financial services industry. Part of the plan is to evaluate the state of funding for innovative firms developing AI technologies across the UK. 

Read more here. 

Up Next ...
21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

21 November 2024

Machine Learning: Revolutionizing Fraud Detection in Banking

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

21 November 2024

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

20 November 2024

Atome Financial Secures $200M Credit Facility to Drive Growth

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

More in Regulation

Qatar Central Bank launches express sandbox

30 May 2024

The express sandbox is an expedited programme

FCA calls for “robust frameworks” to detect fraud and support victims

10 November 2023

The UK’s Financial Conduct Authority (FCA) has called for stronger ...

Seedrs licenced under new EU authorisation

25 October 2023

Private investment platform Seedrs is now authorised under new EU ...

Binance stops accepting new UK customers

17 October 2023

Binance has stopped accepting new users in the UK while ...

White Papers Regulation

House of Lords: The UK-EU Relationship in Financial ServiceS

30 June 2022

The UK financial services sector is of vital importance to the UK economy as a whole, employing 2.3...

White Papers Regulation

Jumio: Anti-money laundering regulations in 2022

16 March 2022

With the increased global focus on anti-money laundering (AML) and countering the financing of terro...

Articles Regulation

The Future of Regulation 2022

24 February 2022

The fire for innovation in financial services has long been raging, and regulators, having transform...

White Papers Regulation

Regulation of Buy-Now Pay-Later

01 December 2021

Consumer credit has been regulated in the UK since the Consumer Credit Act (CCA) was passed in 1974....

There are no Events in this category