Governance, risk and compliance (GRC) has become a strategic priority for UK firms. With the Financial Conduct Authority’s (FCA) Consumer Duty now in force, the Senior Managers & Certification Regime (SMCR) embedding accountability, and new operational resilience rules due in March 2025, boards face rising scrutiny. Compliance is no longer about avoiding penalties but about building trust and resilience.
IntellectAI, which offers a variety os AI-powered solutions, has explored how AI is redefining GRC for modern enterprises.
The consequences of failure are severe. In 2022, the FCA fined a UK bank nearly £108m for anti-money laundering (AML) failings, while banks globally paid more than $5bn in fines during 2023, it said. Regulators are making it clear: compliance gaps carry financial and reputational risks.
To meet this challenge, firms are increasingly adopting agentic AI. Unlike static automation, these intelligent systems can perceive, reason and act across workflows. They monitor risks in near-real time, provide auditable evidence to satisfy SMCR, and help identify vulnerabilities to protect customers under Consumer Duty.
The UK market is primed for adoption. Boards must evidence fair outcomes, prove resilience under “severe but plausible” scenarios, and maintain strong surveillance governance. Agentic AI can automate these tasks, generating outcome evidence packs, modelling recovery playbooks, and validating compliance models.
IntellectAI’s Purple Fabric platform is one example. Its multi-agent design embeds directly into enterprise processes, cutting manual review time by 70% and improving audit readiness by 60%. A UK wealth manager used it to clear a backlog of over 10,000 complaints, reducing investigation times from weeks to minutes. Its Client 360 tool further supports Consumer Duty by analysing customer data to flag risks and opportunities.
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