The Bank of England is establishing an Artificial Intelligence Consortium. Its purpose is to provide a platform for public-private engagement to gather input from stakeholders on the capabilities, development, deployment and use of AI in UK financial services. Its specific aims are:
- to identify how AI is or could be used in financial services, for example, by considering new capabilities, deployments and use cases as well as technical developments where relevant
- to discuss the benefits, risks and challenges arising from the use of AI. Such benefits, risks and challenges may be with respect to financial services firms or with respect to the wider financial system
- to inform the Bank of England’s approach to addressing risks and challenges, and promoting the safe adoption of AI.
Applications for the AI Consortium are open. Further details can be found on the Consortium’s call for interest.
Submit your applicationOpens in a new window
The deadline is Friday 8 November 2024.
If you would like to get in touch, you can reach us at: AIConsortium@bankofengland.co.uk.
Source: Bank of England
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
A panel will look at how firms can future-proof their tech stacks while keeping up with regulation.
-
The efficiently of pricing will matter for the credibility of pre-IPO perpetual futures.
-
There is an opportunity to fund the next phase of growth, but it will not stay open indefinitely.
-
Financial institutions are increasingly using AI in specialized workflows.
-
Years of LSEG tick history can be analysed in seconds rather hours.