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Why AI could be a financial ‘sludge’ buster
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NEWSDECK ANALYSIS
The concept of "sludge" in a financial context refers to the unnecessary complexity and bureaucracy that can hinder economic efficiency and innovation. Regulators have been seeking ways to reduce this sludge, which can manifest in lengthy and costly compliance procedures for businesses. The potential application of artificial intelligence to streamline these processes could have significant implications for the financial sector.
This story is currently only covered by one source from a single part of the political spectrum. NewsDeck will update this page automatically if other outlets pick up the story.
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FT UK
Why AI could be a financial ‘sludge’ buster
Regulators want to use the technology in their bid to cut red tape
10 Jul, 04:00
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