Breakingviews – Bank of England’s AI approach will toughen up

Brandon McGee

6 years ago

“The Bank of England last year picked artificial-intelligence pioneer Alan Turing as the face of its new 50-pound note.
Computer programmes with humanlike problem-solving skills are already a fixture of the UK financial system. Two-thirds of the companies that the BoE surveyed make use of such systems,
Boston Consulting Group, for example, reckons AI software may by 2027 reduce the administrative grunt-work required of staff by 2.4 hours a day per employee in banking”