AI & Finance News ・ ⚖️ Financial Regulation / Supervision

Can banks explain every AI agent action to the FCA?

FinTech Global · 11/04 11:40 UTC

Third-party AI agents are accessing customer bank accounts at the same time regulators begin using AI to scrutinise banks. According to Corlytics, lenders must separate legitimate customer activity from unauthorised actions. They must also be able to show how their controls and decisions work.

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