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Nikhil Rathi, CEO of the UK's Financial Conduct Authority (FCA): The UK financial services sector is a global leader, actively embracing new technologies such as AI and tokenization.
Nikhil Rathi, CEO of the UK's Financial Conduct Authority (FCA), stated at the City of London's annual dinner that the UK financial services sector leads globally, being the world's largest center for cross-border banking, foreign exchange, and derivatives trading, ranking second in investment management, and seeing its commercial insurance industry double in size within a decade. He noted that UK firms are actively adopting new technologies such as Artificial Intelligence (AI) and tokenization to broaden investment opportunities for consumers and are moving from open banking towards open finance.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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