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]

Link

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

Published 25 March 2022