Consumer Duty Alliance Technology Forum - "Good Practice and Due Diligence when adopting Artificial Intelligence"

DESCRIPTION

This session is designed to assist firms who have a limited understanding of artificial intelligence and wish to understand the issues they should consider.

LEARNING OBJECTIVES

• What is artificial intelligence and what are the differences between Predictive AI and Generative AI?
• Examples of practical uses and benefits of AI in Adviser Firms
• What risks should firms consider when looking to adopt Artificial Intelligence and how can they be mitigated?
• How to approach Due Diligence for Artificial Intelligence tools?
• How to approach creating your own Artificial Intelligence policy?
• What sort of knowledge and how much time does it take to get started?
• What are the potential risks to firms who do nothing with AI?

TARGET AUDIENCE

All personal finance professionals with an interest in FinTech, whether already active adopters of technology or keen to adopt technology but seeking help with the practicalities.

ABOUT THE TECHNOLOGY FORUM

The Consumer Duty Alliance Technology Forum will explore how technology can help firms to meet Consumer Duty requirements, for example evidencing the delivery of good client outcomes.

Whilst focussing on the UK market, Ian will also share his learnings and insight from developments in other countries.

Ian says “There are a number of forums and groups that support advisers who are active adopters of technology, but we want to help those who are keen to adopt technology but are seeking help with the practicalities."

The Consumer Duty Alliance brings together parties across the financial services sector to share 'good practice', engage policymakers and raise the public’s perceived value of professional advice.