Payment Methods: Artificial Intelligence

answeredUnited Kingdom· UK Parliament· EN

Introduced

10 February 2026

Last action

4 March 2026 · Answer

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Answered

Summary

To ask His Majesty's Government what assessment they have made of the potential use of AI in bank payment systems to prevent fraud; and what steps they are taking to ensure that safeguards and consumer protections are effective for the deployment of AI in

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Timeline

10 February 2026
Written question
To ask His Majesty's Government what assessment they have made of the potential use of AI in bank payment systems to prevent fraud; and what steps they are taking to ensure that safeguards and consumer protections are effective for the deployment of AI in
Source: Lords
4 March 2026
Answer
HM Treasury works closely with the UK financial regulators to monitor evolving risks from new technologies, and ensure that the opportunities AI presents can be realised in a safe and responsible way.The government is engaging closely with the FCA on AI, ...
Source: Written answer

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Official source: https://questions-statements.parliament.uk/written-questions/detail/2026-02-10/HL14507
Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1880558
uk · wq-1880558 · source updated 4 March 2026