Cryptopolitan
2024-02-20 08:14:38

AI in Financial Services: A Transformative Force Amid Regulatory Evolution

In a significant regulatory shift, the Financial Conduct Authority’s (FCA) Consumer Duty, which took effect in 2023, is reshaping the landscape of financial services. This new framework mandates firms to focus on the outcomes their customers experience, marking a departure from traditional data standards towards actionable insights derived from qualitative data. The Duty emphasizes the

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