HM Treasury has commissioned the Financial Services Skills Commission (FSSC) to carry out research on how AI and other disruptive technologies can support the finance sector.
In a letter to the commission’s chair Mark Hoban and chief executive Claire Tunley, Economic Secretary to the Treasury Lucy Rigby requested research how technologies are making an impact and how the UK can keep pace.
The scope of the research includes an assessment of the technologies expected to have a significant impact on the sector, an assessment of what that impact is and to what scale, an assessment of the skills the sector will need to successfully adopt these technologies and a clear plan on achieving this.
“The UK’s financial centre has long attracted the brightest and best global talent. To continue to attract the right talent and develop the right skills over the coming decade will be fundamental to the government’s aim,” Rigby wrote.
“Building a highly skilled financial services workforce in every region and nation of the UK will drive growth and productivity.
“However, as AI and other technologies become more prevalent, we need to embed the skills that will ensure our workforce is equipped to lead the way in digitisation, innovation and adoption.”
