Two months in to the FCA’s Consumer Duty and it’s a time of reflection for many firms as they consider, ‘are we doing enough?’ - but what does enough really look like?
One core component that the regulator has tipped its hat to many times is the power of RegTech and AI, with FCA Chief Executive, Nikhil Rathi, explaining: “at the FCA we are determined that, with the right guardrails in place, AI can offer opportunity.”
But what does this opportunity look like for firms, and how easy is it to implement? To discuss all this and more, Recordsure’s Chief Product and Commercial Officer Garry Evans is joined by Recordsure’s Senior Product Manager, Olivia Fahy.
Over the course of their five-part ‘How to futureproof for long-term Consumer Duty success’ series, Garry and Olivia will delve into the tangible benefits that Artificial Intelligence can bring to financial service firms when used in the right way.
Part 1: The role of RegTech to help monitor and evidence Consumer Duty outcomes
Make sure you check back here for part two of this series! ‘The power of tech-enabled process adherence checks to evidence Consumer Duty outcomes’.