TML will no longer ask brokers to provide pay slips or proof of income for a number of their clients.

35 million adults are potentially vulnerable, with many unaware they meet FCA criteria.

Advice firms who take up the technology may qualify for insurance premium reductions.

The platform detects early signs of financial distress and predicts risks to help financial institutions deliver personalised support.

DataColl8 combines technology and industry expertise to deliver bespoke solutions for data mapping and system integration. 

The financial services sector is well positioned to harness generative AI, UK Finance says.

The Alexa-style tool gives brokers real-time answers to criteria-related questions.

The bespoke platform has been developed collaboratively with brokers.

The new platform includes an autonomous credit decisioning engine to help speed up the application process. 

Researchers asked the AI chatbot 100 finance-related questions, and its answers were reviewed by industry experts to confirm accuracy.