The UK government’s approach to promoting AI
Harry Lund, deputy director of AI opportunities at the UK Department for Science, Innovation and Technology, joined OMFIF to discuss the challenges of regulating artificial intelligence in finance and encouraging innovation without compromising security.
Given the breakneck pace of AI development, regulators must keep a close watch on the financial industry to ensure that new technology is implemented transparently and alongside strong security measures. This roundtable explored the role of cybersecurity standards in protecting AI systems and ensuring resilience, the need for transparency in AI usage and the implications of AI regulation for the financial sector.
The UK government sets out their strategy for harnessing AI to help meet its goals for sustained growth. View here, the UK’s AI Opportunities Action Plan and the AI Opportunities Action Plan: government response.
Speakers
Harry Lund
Deputy Director, AI Opportunities Unit
UK Department for Science, Innovation and Technology
Harry Lund
Deputy Director, AI Opportunities Unit
UK Department for Science, Innovation and Technology
Philip Middleton
Deputy Chairman
OMFIF
Philip Middleton
Deputy Chairman
OMFIF
Philip Middleton is Deputy Chairman at OMFIF. He is a Director of Rifle House Capital Ltd and a Commissioner at the Guernsey Financial Services Commission, the regulatory body for the finance sector in the Bailiwick of Guernsey. He was formerly a senior Partner and Head of Central Banking at professional services firm EY, where he specialised in strategy consulting and services to governments and other public institutions across Europe, the Middle East, India and Africa.
He has also held several roles within KPMG, including Partner and European Head of Financial Services Strategy Consulting. He holds degrees in History and Modern Languages from The Queen’s College, Oxford University, and an MBA from INSEAD.
This meeting is open to the DMI network, with priority is given to DMI members. Interested in membership? Contact us at Folusho.Olutosin@omfif.org