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Protecting confidential information in an AI-led and augmented reality

Protecting confidential information in an AI-led and augmented reality
  • United Kingdom
  • Financial services - Digital Financial Services
  • Technology, Media and Telecoms - Technology

14-04-2020

Across the banking sector, the Bank of England and the Financial Conduct Authority predict that firms’ utilisation of artificial intelligence (AI) solutions will triple in the next three years (BoE and FCA Joint Report on Machine Learning in UK financial services, 2019).

Firms are data-rich.This makes AI and more basic machine learning an obvious technological advancement, in processes such as fraud detection, antimoney laundering, decision-making, personalised financial planning.

So, how do firms protect the confidential information and data that is processed by AI technology?

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