/artificial intelligence

News and resources on artificial intelligence systems, innovations and initiatives worldwide.

Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

Be the first to comment

Bank of England to form AI consortium

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The public-private industry group will be chaired by Sarah Breeden, deputy governor for financial stability at the central bank. 

According to a statement, the group's primary focus will be identifying current and potential future uses, assessing the benefits and risks, and informing the BoE's policies on AI use within financial services. 

The bank is looking to recruit about 30 members for the group, based on their expertise in both AI and financial services. 

Meetings will be held four times a year with the minutes from these meetings published on the BoE's website.

There will also be a number of workshops held throughout the year to look in more detail at complex issues. 

The deadline for applications is November 8. 

 

Sponsored [On-Demand Webinar] Ensuring Interoperability in the Age of Global, Cross-Border e-Invoicing

Comments: (0)

[Webinar] Preventing disaster: How banks can address operational resilience to prepare for global ouFinextra Promoted[Webinar] Preventing disaster: How banks can address operational resilience to prepare for global outages