Financial Services Financial Services

UK consumers' openness to AI financial advice could breed 'over-confidence,' research suggests

By Frank Hersey
  • 09 Jul 2024 17:06
  • 09 Jul 2024 17:36
UK consumers appear increasingly willing to use financial and debt advice services powered by generative AI software, but assumptions that they are regulated could lead to “overconfidence” in such products, UK regulators have warned.
The finding comes in a report commissioned by the Financial Conduct Authority and Competition and Markets

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