Artificial intelligence (AI) offers numerous advantages for financial services, notably in compliance with regulations.

Advances in technology can now simplify compliance, optimise innovations through the regulatory framework and lay the foundation for long-term growth. Crucially, AI can also offer greater protections for customers and businesses alike, taking over much of the heavy lifting for contractual obligations and documentation.

In this webinar hosted by GlobalData, we speak with fintech leaders in Scotland to learn how AI is being deployed to make regulations simpler and enable businesses to streamline processes.

We also learn how the Scottish fintech ecosystem, including academia and regulators, is fully leveraging AI’s potential while navigating the inherent complexities and uncertainties, alongside minimising the risk of discrimination and bias.

Key findings:

– The benefits of AI for financial regulations

– The market growth of AI in financial services

– Reconciling the trade-off between risks and technological adoption

– The support available for fintechs in Scotland and the importance of the Fintech Research and Innovation Roadmap