CDEI's AI Barometer: what are the key messages for financial services? - CUBE

The Centre for Data, Ethics and Innovation (CDEI) has published its AI Barometer – an analysis of the most pressing opportunities, risks and governance challenges associated with artificial intelligence (AI) and data use within the UK. The Barometer, according to CDEI Chair Roger Taylor, provides a "system-wide view of how AI and data are being used." It explores where the opportunities lie, identifies barriers to adoptions and offers productive solutions and suggestions to improve the implementation of AI across all facets of society. The AI Barometer devotes 20 of its 152 pages to the uptake of AI within financial services. While a large proportion of the chapter focusses on applications and AI that affects customers and citizens, within it lies some key messages for financial service providers and regulators.