Generative artificial intelligence has seen rapid adoption within the United Kingdom’s financial services sector over the last two years, according to a recent survey conducted by the Bank of England and the Financial Conduct Authority (FCA).
The findings indicate that generative AI technologies have become a significant component of the industry’s digital landscape, currently accounting for more than 50% of all artificial intelligence systems in use across UK financial firms.
This growth marks a substantial shift in the deployment of emerging technologies within the sector. As these firms continue to integrate advanced AI models, the data highlights the scale of the transition toward generative capabilities, which differ from traditional, non-generative AI systems previously prevalent in financial operations.
Source: Finextra
Original article: https://www.finextra.com/newsarticle/48648/uk-fs-sector-embraces-genai?utm_medium=rssfinextra&utm_source=finextrafeed
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