ICO and FCA call on companies to engage with regulators over tech innovation
02/06/2025 | ICO
A blog article by Information Commissioner John Edwards and Financial Conduct Authority Chief Executive Nikhil Rathi highlights their commitment to helping financial services companies use artificial intelligence (AI) responsibly in order to foster innovation while protecting consumers.
The article argues that effective regulation acts as a bridge to innovation, not a barrier, providing certainty for companies to invest and grow. Edwards and Rathi urge companies and trade bodies to engage earlier in their innovation journeys, stressing that collaboration with regulators is essential for driving economic growth.
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