European Business Magazine: Finance is scaling AI fast — now it has to prove it’s under control
Financial services firms must evidence control, accountability and governance as AI becomes embedded in regulated decision-making.
Financial services firms must evidence control, accountability and governance as AI becomes embedded in regulated decision-making.
Joe Norburn’s Always Finance News comments focus on a shift from AI adoption to control, with reliable, explainable and auditable data becoming the main challenge.
FCA priorities and Consumer Duty expectations are moving ongoing advice away from fixed processes towards evidence of judgement, value and client outcomes.
The FCA’s mortgage priorities place renewed emphasis on evidence, outcome testing, responsible lending and the ability to understand customer experience across the journey.
The FCA’s 2026 retail banking priorities require boards to evidence access decisions, Consumer Duty outcomes, fraud controls, resilience and data security.
For year three Consumer Duty reporting, firms need to move beyond governance MI and show evidence of effectiveness, Board challenge and improved customer outcomes.
FCA scrutiny is moving AI in financial services from capability to proof, requiring governance, auditability, accountability and outcome evidence as adoption scales.
How a major UK retail bank moved from reviewing fewer than 5% of mortgage sales to 100% coverage — cutting QA review time in half.
Recordsure’s Garry Evans joins intelliflo to discuss how AI can improve compliance, QA and customer outcome evidence in wealth management without removing human oversight.
The FCA’s Regulatory Priorities reports give consumer investment firms clearer expectations on fair value, product governance, outcomes monitoring and ongoing advice services.