Fintech rebels demand tight AI rules for Parliament’s summit.

February 6, 2024
1 min read

Fintech leaders have urged the UK government and regulators to implement tighter regulations on the use of artificial intelligence (AI) in the financial services industry. The call was made during the Parliamentary Digital Economy summit, organized by the Parliament Street think tank, which brought together industry experts, academics, and CEOs to discuss the future of AI in finance. Participants emphasized the need for a robust regulatory framework to ensure responsible adoption of AI and quantum computing by financial firms. They highlighted the importance of market confidence and called for measures to protect innovators, investors, and the public. The summit aimed to explore the potential of AI to drive growth in the UK economy and make the financial sector more accessible and efficient. The attendees also discussed the impact of taxation and government spending on the digital economy.

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