This Is How Machine Learning Is Changing The UK Financial Services Landscape - Hedge Think

Machine Learning applied to financial services industry has the potential to improve outcomes for both businesses and consumers. And in the UK, firms are beginning to take advantage of this. A recent survey, called'Machine Learning in UK Financial Services', carried out by the Bank of England (BoE) and the Financial Conduct Authority (FCA) has found that two thirds of respondents report they already use it in some form. The median firm uses live ML applications in two business areas and this is expected to more than double within the next three years. The Bank of England (BoE) and Financial Conduct Authority (FCA) have a keen interest in the way that ML is being deployed by financial institutions.