On 3 July 2018, the EBA published two reports looking at the impact of FinTech on business models, prudential risks and opportunities.
The reason this search will be necessary is a growing realisation that AI can affect a broad range of risks in ways that underwriters had not foreseen, Neil Beresford, partner at Clyde & Co, explained at a seminar on the impact of AI on underwriting.
The industry's future, Thompson says, may be more defined by adjusting business models, rather than adding digital layers onto existing services.
Speech by Charles Randell, Chair, Financial Conduct Authority and Payment Systems Regulator, delivered at Reuters Newsmaker event, London.
The centre says it engages with “governments, leading companies, civil society, and experts from around the world to co-design and pilot innovative new approaches to policy and governance in the Fourth Industrial Revolution.”