Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Fintech leaders call for stricter AI regulation at Parliamentary summit

by February 6, 2024
February 6, 2024
Fintech leaders call for stricter AI regulation at Parliamentary summit

Leaders from the financial services industry have called on the government and regulators to introduce robust legislation to boost market confidence in the use of artificial intelligence (AI).

Speaking at last night’s Parliamentary Digital Economy summit, which was organised by the Parliament Street think tank, hosted by Dean Russell MP for Watford, and chaired by Steven George-Hilley of Centropy PR, proposals were put forward to for financial services firms to further embrace quantum computing and AI, but only if they have the regulatory framework to do so responsibly.

Over 75 industry experts, academics and chief executives attended the debate, which included digital assets experts, personal and institutional investors along with software and fintech firms.

Digital assets expert Mimi Kufuor, Chief Operating Officer at KoinKoin said: “In the era of global digital asset transformation, our company serves as a crucial link between the evolving UK digital economy and the thriving African business sphere. Positioned as a vital conduit, we are poised to facilitate seamless transactions, fostering collaborative growth in these dynamic economic landscapes.”

Fergus Speight, EVP & GC at ZILO Technology said: “Fintech has an outsize role to play in raising the growth rate of the UK economy. Key ingredients for digital economy businesses are ideas, people, access to capital and policies to support these. Policymakers have a challenge to provide certainty and protect innovators, investors, and the public.”

Solomon Fazel, Implementation Manager, DKK Partners said: “It’s important to scrutinise taxation for businesses, but what’s more important is how the money is being spent and the impact that has on the digital economy.”

Geoff Garrett, Co-Founding Director, Henry Dannell said: “We operate in a relationship driven environment where the client/adviser interaction is paramount to driving successful outcomes. As the regulatory environment has become heightened, the adviser will now spend more time making sure the file illustrates why the advice given is both good advice and suitable for the clients’ requirements. This will inevitably lead to the clients spending less time with their adviser which is to their detriment. The Henry Dannell team are producing technology-based solutions to enhance the client journey and to allow more opportunity to develop those precious client/adviser relationships”.

Fraser Steward, co-founder of Lyfeguard said: “2024 is set to be an exciting year for fintech, where innovative digital solutions and open finance are set to redefine the financial landscape, making it more accessible, efficient, and inclusive than ever before.”

Read more:
Fintech leaders call for stricter AI regulation at Parliamentary summit

0
FacebookTwitterGoogle +Pinterest
previous post
Post Office minister exploring new ownership structures handing ownership to workers
next post
London fintech firms KoinKoin and SR FINANZMANN close $2m funding round in boost to Corporate OTC business

You may also like

Wholesale gas prices fall as Europe’s plan to...

September 1, 2022

Britain loses 6,000 retail outlets in five years...

July 28, 2023

Keir Starmer PM  – is he a force...

July 5, 2024

Nationwide Advert Banned for Misleading Claim about Branch...

April 3, 2024

AdvanceTrack wins two-year High Court battle over competitor’s...

August 24, 2023

STEM skills shortage continues to hit UK businesses

August 18, 2022

Private Christian Schools to sue government over VAT...

October 9, 2024

Sadiq Khan calls to re-introduce VAT-free shopping to...

February 2, 2023

Copper Mountain Technologies is Investing in People and...

January 27, 2025

Labour warned more industries could need British steel-style...

April 14, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

      June 27, 2025
    • How to Improve your Trading Odds and Increase Opportunities

      June 27, 2025
    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,074)
    • Politics (15,826)
    • Stocks (3,173)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved