As AI takes over more financial decisions, safety isn’t optional—it’s essential to protect markets and people. The challenge is keeping innovation responsible. What safeguards do you believe should be prioritized first?
In what aspect is AI making financial decisions for you?
Any FCA regulated company that allows AI to make your financial decisions, should have their licence reviewed and likely revoked.
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Oh, I didn’t mean AI is making decisions for me. I was speaking in general about how AI is being used in finance and asking what safeguards should come first. FCA oversight is definitely important, which is why this discussion matters.
Can you give an example?
Financial literacy should be taught in school first before any safety measures can be implemented. Any reckless users can misuse any products regardless how many safety measures is put in.
If you watch the series Silicon Valley, you’d know if a technology can’t make any profits for investors, it dies out quickly, regardless how much it betters our lives. AI financial assistant has to make as much profit from people’s financial illiteracy so long as the law permits. 
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