In the 1970s, Vogue promoted an infamous egg-and-wine diet for weight loss. Today, nearly 10% of Americans have prescriptions for Ozempic, with one in eight having used it. The methods change while the goals remain the same.
This pattern of evolving approaches extends well beyond wellness fads – and reaches into regulatory landscapes. We’re witnessing a fascinating regulatory divergence across the Atlantic ocean
While the Trump administration has effectively dismantled the US equivalents of the Financial Ombudsman Service and Corporate Transparency Act, the UK continues introducing more stringent regulations through Consumer Duty and enhanced AML procedures for UK-registered companies.
Is change coming to UK regulation as well? The FCA’s recent appointment of three new board members from industry backgrounds rather than public sector veterans might signal a shift. While certainty remains elusive, positioning for potential change is prudent.
Adapting to the New Landscape
For IFAs and mortgage brokers, this evolving environment demands strategic positioning. The integration of AI into compliance processes represents a particularly transformative opportunity.
BAT has demonstrated AI’s capacity to execute compliance tasks with remarkable efficiency. For just £10, firms can now deploy digital compliance agents trainable on specific company procedures. Input your compliance requirements, and the system delivers comprehensive results.
This breakthrough dramatically transforms how compliance functions operate. Combined with the changing regulatory landscape, these innovations create unprecedented opportunities for forward-thinking financial firms.
The question is not whether change is coming—it is whether you can adapt to the change by adopting the best technology. BAT AI file checks cost £10 per file. They are more accurate, more consistent and cheaper than manual checks.