AI Governance Market Latest Trends, Future Outlook, Size, Share, Applications, Advance Technology An
Sheetal2329 Apr, 2025Technology
The UK is becoming a leading participant in the AI governance market, fueled by rising AI implementation in various industries and the urgent demand for ethical and responsible systems.The Financial Conduct Authority (FCA) is at the forefront of exploring AI’s role in the UK’s financial ecosystem, emphasizing accountability and compliance. Financial institutions are increasingly investing in governance frameworks to manage risks such as algorithmic bias and automated decision errors. According to a 2023 FCA survey, 65% of UK financial firms are actively implementing AI governance measures. These efforts are supported by initiatives like FCA’s guidelines for fair and transparent algorithmic deployment in customer-facing applications.
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