FCA outlines AI-driven plan to modernise financial regulation

The UK’s Financial Conduct Authority (FCA) has outlined plans to integrate AI and data-driven tools into its regulatory processes as part of its 2026/27 work programme to become a more efficient and effective regulator.

The programme includes developing an internal authorisation tool to speed up approvals and using generative AI to review documents and support supervision, while maintaining human decision-making at the core of regulatory actions.

The FCA said it will also test automated data-sharing in a sandbox environment, expand its Supercharged Sandbox for firms developing AI-based financial products, and invest in analytics to better identify risks and prioritise cases.

Measures to reduce burdens on firms include removing certain data reporting requirements, simplifying digital processes and improving authorisation timelines, alongside efforts to enhance firms’ experience through new tools and feedback mechanisms.

The regulator also plans to support economic growth and consumer protection by advancing measures such as regulating buy now pay later products, speeding up IPO processes, expanding international presence, and addressing emerging risks, including the use of general-purpose AI in financial decision-making.

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VTC expands AI training across all programmes in Hong Kong

The Vocational Training Council (VTC) has introduced an ‘AI for All’ strategy to integrate AI training across its programmes, aiming to support Hong Kong’s ambition to strengthen its innovation and technology sector.

The initiative aligns with broader policy priorities, including the ‘AI Plus’ approach outlined in national planning frameworks and Hong Kong’s budget, which emphasise integrating AI across industries while addressing a shortage of skilled professionals.

Under the ‘AI+Professional’ model, all Higher Diploma students are required to study IT modules covering prompt engineering, generative AI, and AI ethics and security, with training adapted to disciplines such as engineering, design, and information technology.

The council has also partnered with technology companies through memorandums of understanding. It provides ongoing training for employees in government and industry, while offering internal AI tools and a ‘Virtual Tutor’ platform to support teaching and learning.

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UNESCO and Tecnológico de Monterrey partner on AI in education initiative

UNESCO and Tecnológico de Monterrey have signed an agreement to collaborate on advancing the use of AI in education, as digital transformation reshapes learning systems and workforce skills across Latin America and the Caribbean.

The agreement establishes a framework for joint work on generating evidence, developing standards and formulating public policy recommendations on AI in education, and supports the launch of a Regional Observatory on Artificial Intelligence in Education.

A financial contribution of $90,000 will support the Observatory’s implementation, following months of technical coordination and institutional validation between the two organisations.

After the signing, technical teams reviewed the operational plan for the first year, including methodological frameworks on teachers’ digital competencies and AI ethics, as well as pilot projects in Chile, El Salvador and Mexico.

According to Esther Kuisch Laroche, the initiative aims to ensure AI contributes to more inclusive, ethical and relevant education systems, while moving from principles to practical solutions.

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Scotland publishes AI guidance for schools

The Scottish government has published national guidance on the use of AI in schools, aiming to support the safe and ethical adoption of AI in classrooms. The document provides advice for teachers and pupils as AI use continues to expand across society.

The guidance outlines potential benefits of AI alongside risks that need to be considered, and includes examples of appropriate classroom use. It was developed with the EIS teaching union, local government and Education Scotland.

Education Secretary Jenny Gilruth said AI should support creativity, critical thinking and personalised learning while protecting pupils’ rights and privacy. She added that technology must not replace teachers or human relationships in education.

Andrea Bradley said AI should remain a tool for teachers and not replace professional judgement. The non-statutory guidance allows schools and local authorities flexibility to develop their own policies as AI continues to evolve.

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CFTC launches AI and crypto innovation task force

The Commodity Futures Trading Commission (CFTC), an independent agency of the United States federal government, announced the creation of an Innovation Task Force to support the development of new technologies in US derivatives markets. Chairman Michael S. Selig leads the initiative and focuses on establishing clear regulatory approaches.

The task force will work with the Innovation Advisory Committee to develop frameworks covering crypto assets, blockchain technologies, AI and autonomous systems, and prediction markets. Authorities said the aim is to provide clarity for innovators building new financial products.

According to Selig, clearer rules are intended to support responsible innovation and ensure market participants remain competitive. The task force is also expected to help implement the Commission’s broader innovation agenda.

Coordination with other federal bodies is planned, including collaboration with the US Securities and Exchange Commission and its Crypto Task Force. Michael J. Passalacqua, senior advisor to the Chairman, has been appointed to lead the initiative.

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Malaysia launches AI platform Rakan Tani to support farmers and stabilise incomes

The National AI Office (NAIO), through its NAIO Lab, is advancing Malaysia’s AI-driven development by building an ecosystem that supports innovation, collaboration, and startups. NAIO Lab aims to position the country as a hub for AI innovation where developers can experiment and create practical solutions.

Rakan Tani, the first project under NAIO Lab, is an AI-powered digital platform designed to transform the agricultural sector. It connects farmers with buyers early in the crop cycle and uses AI-driven order matching to help secure competitive prices and improve financial predictability.

The platform integrates multiple AI-driven features, including pre-harvest commerce, subsidy access via national ID systems, agriculture financing using pre-harvest orders as collateral, real-time cash payouts through digital banking, and logistics coordination with distributors and providers. It is delivered via WhatsApp and supports both Malay and English, with a pilot planned in Terengganu in May 2025.

NAIO Lab also provides AI startups with resources, mentorship, and funding, enabling collaboration between experts, researchers, and entrepreneurs. The initiative is supported by partnerships across government, academia, and industry, including the Ministry of Digital, Ministry of Agriculture and Food Security, GAIV, UPM, and Segi Fresh, with the goal of accelerating AI adoption and supporting sustainable economic growth.

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Explora chatbot offers personalised travel planning in New Brunswick

GuideGeek, the AI travel technology from Matador Network, has partnered with ExploreNB to launch Explora, an AI-powered travel chatbot for New Brunswick. The tool is designed to help visitors plan trips through conversational interactions.

Explora was piloted in early 2025 and is now rolled out more broadly, providing instant answers to travel and tourism questions. Powered by GuideGeek’s platform, it has generated thousands of online conversations with prospective visitors.

The chatbot delivers personalised travel tips and itinerary ideas, connecting users to local businesses, beaches, hiking trails and cultural sites. Its responses are based on destination data from New Brunswick and more than 1,000 integrated travel information sources.

Ross Borden, CEO of Matador Network, said AI helps travellers discover destinations and build trips based on their interests. Isabelle Thériault, Minister of Tourism, Heritage and Culture of New Brunswick, said the tool also provides insight into traveller interests and supports the tourism sector.

Explora is available directly on the TourismNewBrunswick.ca website via the chat icon.

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Mongolia anti-corruption authority adopts AI system for decision monitoring

The Independent Authority Against Corruption (IAAC) in Mongolia has started using the tuss.io platform to monitor orders, decisions, rules and regulations adopted by state organisations and officials.

The platform, developed by Tus Solution company, is used to check whether decisions, orders, rules or regulations meet legal requirements, create unnecessary procedural steps, or establish conflicts of interest or conflicts with the law.

According to IAAC, a total of 388 orders, decisions, rules and regulations have been monitored. Out of these, 152 have been revised, amended or invalidated over the past three years.

Why does it matter?

The initiative reflects broader efforts of Mongolia to strengthen transparency and accountability in public administration through digital tools. By integrating AI-powered analysis and compliance monitoring, platforms like tuss.io can more efficiently identify regulatory inconsistencies and support evidence-based decision-making, reducing opportunities for corruption and improving the overall quality of governance.

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UK Digital Inclusion Action Plan delivers devices funding and online access support

The UK Department for Science, Innovation and Technology said more than one million people have been helped online through its Digital Inclusion Action Plan. The update was published in a one-year progress report on the government strategy.

The department said over 22,000 devices were donated through government schemes and industry partnerships. It also confirmed £11.9 million in funding that supported more than 80 local digital inclusion programmes.

According to the report, the plan aims to improve access to devices, connectivity and digital skills. The government said all commitments in the strategy have either been delivered or remain on track.

The department added that partnerships with industry and charities helped expand access to broadband and mobile services, including more affordable connectivity. The programme also supported training and local initiatives to improve digital participation.

Secretary of State for Science, Innovation and Technology, Liz Kendall, said the programme is intended to expand access to online services, employment opportunities and communication tools. She added that the government plans to continue developing the initiative.

The department also confirmed it will take over the Essential Digital Skills Framework from Lloyds Banking Group and update it to reflect current needs, including online safety and the growing role of AI.

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EDPB summarises conference on cross-regulatory cooperation in the EU

The European Data Protection Board has published a summary of its 17 March conference in Brussels on cross-regulatory interplay and cooperation in the EU from a data protection perspective. According to the EDPB, the event brought together representatives of the EU institutions, European Data Protection Authorities, academia, and industry.

Three panels structured the conference discussion. One focused on data protection and competition, another on the Digital Markets Act and the General Data Protection Regulation (GDPR), and a third on the Digital Services Act and the GDPR.

Discussion in the first panel centred on cooperation between regulatory bodies in data protection and competition, including lessons from the aftermath of the Bundeskartellamt ruling. The EDPB said speakers emphasised the need for regulators to align their approaches and recognise synergies between the two fields. Speakers also said data protection should be considered in competition analysis only when relevant and on a case-by-case basis. The EDPB added that it had recently agreed with the European Commission to develop joint guidelines on the interplay between competition law and data protection.

The second panel focused on joint guidelines on the Digital Markets Act and the GDPR, developed by the European Commission and the EDPB and recently opened to public consultation. According to the EDPB, speakers described the guidelines as an example of regulatory cooperation aimed at developing a coherent and compatible interpretation of the two frameworks while respecting regulatory competences. The Board said participants linked the guidelines to stronger consistency, legal clarity, and easier compliance. Some speakers also suggested changes to the final version, including points related to proportionality and the relationship between DMA obligations and the GDPR.

The final panel examined the interaction between the Digital Services Act and the GDPR. The EDPB said panellists referred to the protection of minors as one example, arguing that age verification should be effective while remaining fully in line with data protection legislation. Speakers also highlighted the need for coordination between the two frameworks, including cooperation involving the EU institutions such as the European Board for Digital Services, the European Commission, the EDPB, and national authorities. Emerging technologies such as AI were also mentioned in the discussion.

The event also featured keynote speeches from European Commission Executive Vice President Henna Virkkunen and European Parliament LIBE Committee Chair Javier Zarzalejos. According to the EDPB, Virkkunen said the Commission remained committed to cooperation between different frameworks and highlighted the need to support compliance through stronger coordination among regulators. Zarzalejos said close cross-regulatory cooperation was essential for consistency, effective enforcement, and trust, and pointed to the intersections among data protection law, competition law, the DMA, and the DSA.

EDPB Chair Anu Talus closed the conference by reiterating that the EDPB and European Data Protection Authorities are committed to supporting stakeholders in navigating what the Board described as a new cross-regulatory landscape. The EDPB said future work will include continued cooperation with the Commission on joint guidelines on the interplay between the AI Act and the GDPR, finalisation of the joint guidelines on the interplay between the DMA and the GDPR, and work on the recently announced Joint Guidelines on the interplay between data protection and competition law.

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