UK Government


Will Artificial Intelligence transform the customer journey for Financial Services firms?

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With the advent of artificial intelligence driving change across many industries, how are Financial Services firms harnessing this technology? And on that basis, there's now a renewed focus on how new technologies can automate repeatable processes, enhance compliance audit trails without impacting customer experience, and even make interactions between staff internally and staff to customers smoother by providing responses to queries without direct human intervention. This means that the customer journey can have a renewed focus on it, as deploying AI at key points of highly regulated processes will mean that critical requirements for regulatory compliance can be fulfilled accurately and confidently by removing the [human] margin for error. Whilst industries such as Automotive have adopted robotics and AI into the manufacturing process, Financial Services is beginning to follow suit – robotic process automation, or RPA, is beginning to automate the multitude of repeatable processes across banking; for example, if a customer requests a change of address, the many legacy systems means it can often require updates to 6 or more records from the CRM system.


How will driverless cars impact the insurance industry?

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With fewer accidents and fewer claims, Forbes estimates that premiums will reduce by as much as 75 percent. With the increase of cars that are at level 2 of the SAE automated vehicle classification, a "traditional" insurance policy will still be needed. With level 2 ("hands-off") offering automated accelerating, braking and steering, this should this be enough to prevent a large percentage of accidents and significantly improve road safety. Driverless cars are here to stay, and the car insurance industry must stay on its toes and prepare for change, if it is to remain relevant and effective for the years to come.


Snooper's Charter: Majority of public unaware of government online surveillance

The Independent

The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art Corp's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' performs during its unveiling in Tokyo, Japan A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo. An employee shows a Samsung Electronics' Gear S3 Classic during Korea Electronics Show 2016 in Seoul, South Korea Amy Rimmer, Research Engineer at Jaguar Land Rover, demonstrates the car manufacturer's Advanced Highway Assist in a Range Rover, which drives the vehicle, overtakes and can detect vehicles in the blind spot, during the first demonstrations of the UK Autodrive Project at HORIBA MIRA Proving Ground in Nuneaton, Warwickshire In its facilities, JAXA develop satellites and analyse their observation data, train astronauts for utilization in the Japanese Experiment Module'Kibo' of the International Space Station (ISS) and develop launch vehicles The robot developed by Seed Solutions sings and dances to the music during the Japan Robot Week 2016 at Tokyo Big Sight. "The British public need to be made aware that the UK government has extensive powers to monitor their online activity en masse without any prior suspicion."


Ofcom proposes customers should be able to switch mobile providers by text

The Independent

Mobile phone customers could soon be able to dump their network provider by text. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot ...


Lyft partners with Google's Waymo to launch self-driving cars and challenge Uber

The Independent

US ride services company Lyft and Google parent Alphabet's self-driving car unit Waymo have launched a self-driving vehicle partnership, bringing together two rivals to dominant ride-sharing service Uber. On Monday, a company that claims to make the world's first folding bike helmet announced that the tennis pro was one of more than 400 individuals who had helped it raise nearly £700,000 on crowdfunding platform Seedrs. The euro hit a six-month high against the dollar on Monday and US stock futures briefly touched a record high after Emmanuel Macron won the French presidential election, easily beating anti-EU rival Marine le Pen. The pound surged against the dollar on Tuesday to its highest level since last December after Prime Minister Theresa May said she wanted a general election on 8 June.


Theresa May to finally answer questions from the public in Facebook Q&A session

The Independent

But Ms May will now participate in a live question and answer session on Facebook, taking questions from the public. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall ...


Regtech: The revolution has begun Global Trade Review (GTR)

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"In the last year, we have seen a lot of interest," says Agarwal, whose clients include both big and small banks globally. To meet the growing requirements, big banks have thousands of compliance officers on staff and spend billions of dollars on regulation and compliance every year. "The preliminary state of the regtech market means that no dominant, widely used solutions have yet emerged," says a report by the Institute of International Finance (IIF) published last year, adding that international financial institutions are "often still unfamiliar with new regtech solutions due to their [the solutions'] short history". Nivaura, which has already been part of three accelerator programmes, including those of Microsoft and Accenture, is now one of the first technology companies that, over the past five months, has been testing its solutions as a part of the UK Financial Conduct Authority's (FCA) regulatory sandbox, and received regulatory approvals.


AI and robotics eir Business

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Robotic assisted keyhole surgery is the most advanced form of keyhole surgery available to patients. But it's not all about financial savings, by automating administrative tasks, like passport applications, motor tax renewals and TV licence payment, the public sector can enhance the delivery of services and can use intelligent systems to fill gaps in the labour pool. It all ended well though; when we actually sat down to use the online system we found it to be intuitive and efficient and the passport was renewed in time for our family holiday. It wants to develop an environment where, rather than replacing humans, robots would help humans so that they can focus on the essentials.


Artificial Intelligence: the EU, Liability and the Retail sector : Robotics Law Journal

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On 12th January, MEPs voted for a set of regulations to be drafted to govern the use and creation of robots and artificial intelligence, hot off the back of the UK government setting up a commission to look at the issues surrounding artificial intelligence. The report recommended that a standing Commission on Artificial Intelligence be established to examine the social, ethical and legal implications of recent and potential developments in AI. As of 12th January, MEPs from the parliament's legal affairs committee passed Mady Delvaux's report into robotics and AI. AI techniques impact the streamlining of the retail process and transform the online shopping experience into one that mirrors the shop floor.


Brexit leads to surge in Brits wanting to learn new language, data finds

The Independent

The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art ...