The UK’s financial regulatory body has appointed seven advisors to a new Innovation Advisory Group (IAG) which will meet for the first time this month.
The IAG will also alert the FCA on key issues in financial technology and regulation technology, speed up initiatives, and identify areas of innovation in the financial services sector.
Experience in the group spreads across emerging technologies including artificial intelligence. Plus areas such as competition, digital markets, financial inclusion and sustainability. The members will support the FCA’s current plans and initiatives for 2023 as well as shape its innovation pathway to better serve businesses and consumers.