BoE/FCA: Artificial intelligence in UK financial services
21 Nov 2024 (UPDATED: 13 Mar 2026)
United Kingdom
1 min read
BoE and FCA have conducted a third survey of artificial intelligence and machine learning in UK financial services. Amongst other matters, they report that 75% of firms are already using AI with a further 10% planning to use AI over the next three years and that a third of all AI use cases are third-party implementations. The top three third-party providers account for 73%, 44%, and 33% of all reported cloud, model, and data providers respectively.