How is AI changing financial services/House of Lords Regulation Committee/FCA Value measures data

In this week's episode, we look at how AI is being used in financial services and how it might involve in future. We follow the recent discussion between MPs and financial regulators on the topic in the House of Commons and talk about some of the risks as well as the opportunities. 

Staying in Westminster, we take a brief look at the House of Lords Financial Regulation Committee - and its recent inquiry into Car Finance, where many of the members appeared to have conflicts of interest.

And finally, in the second half of the show, we look at the latest FCA Value Measures data. Claims paid as a percentage of premiums are falling in most sectors. But not in GAP insurance, where insurers are now paying out more than they're taking in. We delve into the detail of the numbers and discuss what they might mean. 

Email us your questions and suggested topics for discussion to fairerfinance@fairerfinance.com