The Financial Conduct Authority has confirmed the launch of its “Supercharged Sandbox” to help firms experiment safely with artificial intelligence to support innovation.
Firms can now apply to use it and successful applicants will be able to experiment from October.
According to recent research by Open GI there is plenty of scope for brokers to up engagement with AI.
The software house warned of a “gulf” between the progress of national brokers and smaller regional firms when it comes to gaining an advantage from early AI adoption.
If found only 9% of regional and provincial brokers had implemented AI initiatives, with a third exploring it and 57% yet to make a
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