FCA Using NLP, Machine Learning to Regulate Businesses

The regulator is advancing with its strategy to improve its use of tech in its oversight role, says data chief.

Artificial intelligence

The Financial Conduct Authority (FCA) is using emerging technology like machine learning and natural language processing, as part of its broader strategy to utilize data more effectively, said Steven Green, who is head of central data services, part of the innovation division in strategy and competition at the regulator.

“We are looking at natural language processing for analyzing documents, business plans—we have a lot of those materials in the organization. We are using machine learning to

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