Mark Carney discusses role of AI in financial services

Industry News | 25/10/18

The Bank of England (BoE) has published the slides from a speech by its governor, Mark Carney, on AI and the global economy, given at a University of Toronto conference on machine learning and the market for intelligence. Mr Carney argued that in the field of finance, AI had the potential to improve customer choice, services and pricing, increase access to credit for households and small-to-medium enterprises, substantially lower cross-border transaction costs, and improve the diversity and resilience of the system.