UK Government Backs a 10-Point AI Adoption Plan for Financial Services

Finextra·medium signal

The UK government welcomed a 10-point AI adoption plan for financial services authored by executives from Starling Bank and Lloyds. Notable for its direction of travel: the plan is industry-authored and government-endorsed rather than regulator-imposed, the opposite of the EU AI Act's posture. Signals the UK is competing on AI-permissiveness for financial services specifically.