Artificial intelligence (AI) will play a key role in compliance checking for small firms, according to a report from NextWealth.
The company has today (20 February) published its 'Future of Financial Advice' report, which predicted the top shifts in financial advice by 2028. Founder and managing director Heather Hopkins said that AI will be used to support the scaling of compliance checking, which is expected to help small firms (up to 100 employees and up to £10m in revenue) present "a more manageable interface with the regulator". Hopkins said the report found that regulation is regarded as "hindering the growth of the advice market" although the majority of respondents emphasised the importance of a good reg...
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