The Guernsey Financial Services Commission is supporting Guernsey’s first island-wide AI Sprint through two events focused on applying artificial intelligence in financial services. The six-week programme brings together the business and technology communities for more than 50 events, reflecting priorities in Guernsey’s Finance Sector Strategy 2035 around innovation, digital capability and a supportive regulatory environment. At the AI for AML Hackathon on Oct. 12, participants will explore how AI and synthetic data can improve the usability and efficiency of anti-money laundering processes and controls while firms continue to meet their regulatory responsibilities. The event follows the Commission’s May update to its Handbook on Countering Financial Crime, which clarified firms’ responsible use of technology and the safeguards expected. The Commission will also host a data readiness session on Oct. 29 examining whether firms have the data quality, processes, skills and organizational culture needed to move from AI experimentation to wider adoption while managing implementation risks.
Guernsey Financial Services Commission backs island-wide AI Sprint with AML hackathon and data readiness session
The Guernsey Financial Services Commission is supporting the island’s first AI Sprint through an anti-money laundering hackathon and a data readiness session. The events will examine how firms can use AI and synthetic data effectively while maintaining regulatory safeguards and strengthening the data, processes, skills and culture needed for wider adoption.