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Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance

21 January 2026 at 04:12

UK MPs warn regulators’ hands-off stance on AI in finance risks consumer harm, fraud, and systemic shocks as adoption outpaces oversight.

The post Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance appeared first on TechRepublic.

Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance

21 January 2026 at 04:12

UK MPs warn regulators’ hands-off stance on AI in finance risks consumer harm, fraud, and systemic shocks as adoption outpaces oversight.

The post Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance appeared first on TechRepublic.

London Mayor Urges Stronger Regulation as AI Threatens Workforce

16 January 2026 at 03:48

To help rectify the situation, the mayor has unveiled plans for free AI skills training and a new taskforce aimed at protecting jobs in the capital.

The post London Mayor Urges Stronger Regulation as AI Threatens Workforce appeared first on TechRepublic.

London Mayor Urges Stronger Regulation as AI Threatens Workforce

16 January 2026 at 03:48

To help rectify the situation, the mayor has unveiled plans for free AI skills training and a new taskforce aimed at protecting jobs in the capital.

The post London Mayor Urges Stronger Regulation as AI Threatens Workforce appeared first on TechRepublic.

UK Digital ID Scheme Faces Resistance Over Security Concerns

14 January 2026 at 05:26

The scheme once appeared inevitable, but that confidence has unraveled amid intense public backlash and troubling security revelations.

The post UK Digital ID Scheme Faces Resistance Over Security Concerns appeared first on TechRepublic.

UK Digital ID Scheme Faces Resistance Over Security Concerns

14 January 2026 at 05:26

The scheme once appeared inevitable, but that confidence has unraveled amid intense public backlash and troubling security revelations.

The post UK Digital ID Scheme Faces Resistance Over Security Concerns appeared first on TechRepublic.

UK Open Banking Celebrates 8th Anniversary With 16M Users

13 January 2026 at 08:09

One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately Β£4.1 billion to the UK economy.

The post UK Open Banking Celebrates 8th Anniversary With 16M Users appeared first on TechRepublic.

UK Open Banking Celebrates 8th Anniversary With 16M Users

13 January 2026 at 08:09

One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately Β£4.1 billion to the UK economy.

The post UK Open Banking Celebrates 8th Anniversary With 16M Users appeared first on TechRepublic.

UK probes X over Grok CSAM scandal; Elon Musk cries censorship

12 January 2026 at 11:32

Elon Musk's X is currently under investigation in the United Kingdom after failing to stop the platform's chatbot, Grok, from generating thousands of sexualized images of women and children.

On Monday, UK media regulator Ofcom confirmed that X may have violated the UK's Online Safety Act, which requires platforms to block illegal content. The proliferation of "undressed images of people" by X users may amount to intimate image abuse, pornography, and child sexual abuse material (CSAM), the regulator said. And X may also have neglected its duty to stop kids from seeing porn.

"Reports of Grok being used to create and share illegal non-consensual intimate images and child sexual abuse material on X have been deeply concerning," an Ofcom spokesperson said. "Platforms must protect people in the UK from content that’s illegal in the UK, and we won’t hesitate to investigate where we suspect companies are failing in their duties, especially where there’s a risk of harm to children."

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Β© BRENDAN SMIALOWSKI / Contributor | AFP

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