Fintech Forward Newsletter - Issue 16
26 March 2025
In this week’s newsletter, we grasp the nettle of AI regulation, or rather the imperative of deregulation in financial services, as we examine the potential factors holding back economic growth. With echoes of the ‘Draghi report’, the UK and Europe must grasp the “innovative potential” that is presented by AI to remain competitive.
UK Finance’s recent ‘Plan for Growth’ report states clearly that the ‘current regulatory framework has become a drag on growth,’ and as we learn from today’s analyst story, the rise of deregulation is even causing RiskTech vendors to change tack away from compliance and instead focus on business risk solutions.
With leading figures sounding the alarm for increased investment in AI, such as Bank of England Governor, Andrew Bailey, it’s essential to understand where compromises are needed to unleash the potential of the technology. In short, financial services organizations and regulators need to determine the main regulatory hurdles that are holding back AI-powered innovation and aim to forge a new path to prosperity.
UK financial services sector – time for a regulatory reform overhaul?
The UK financial services sector requires regulatory reform to maintain its position as the world's leading net exporter of financial services, according to UK Finance. A new report outlines specific reforms to strengthen the sector's contribution to economic growth while delivering benefits to consumers and businesses.
Chartis: RiskTech vendors are ignoring the deregulated reality
For over a decade, regulation has been rising globally, with expectations of stricter rules in AI, climate risk, ESG, and energy. However, recently deregulation is reshaping Risktech spending, pushing vendors to shift from compliance to business risk solutions.
Bank of England Governor says ‘AI will boost UK economy’
In a speech at the University of Leicester, Andrew Bailey stated his belief that artificial intelligence “could over time lift growth rates and per capita national income” but believes investment in human skills will be essential to make the most of the AI opportunity.
Event
Global regtech summit 2025
Regtech is key in the financial services sector, simplifying compliance with complex, ever-changing regulations. This upcoming regtech event explores regulatory and strategic issues, and helps financial institutions keep on top of the latest innovations in the regtech industry.
Webinar
Transforming wealth management through macroeconomic insights
Serving and satisfying wealth clients demands highly relevant and personalized services. This upcoming Finextra webinar featuring JBI Metia, explores the use of macroeconomic data and AI to create value for investors and high-net-worth individuals.
Report
B2B Marketing Trends Report 2025
Read Metia's report featuring seven key trends to learn how to monetize your AI strategy, harness intent data, and build greater affinity with your customers.