The FCA CEO just told the industry what it needed to hear: AI is outpacing rules because most vendors and firms have built the wrong way. Trovix disagrees with the approach entirely — and built a different solution.
The $2.1 billion flood into legal AI is solving the wrong problem. Cheap documents without proper governance, audit trails and regulatory accountability aren't cheap at all—they're a compliance liability dressed as innovation.
Read more: Two Billion Dollars, Zero Regulation: The Legal AI Trap
The UK's £100M AI procurement scheme assumes the bottleneck is supply. It isn't. For regulated professional services firms, the actual bottleneck is governance, accountability and surviving regulator scrutiny when AI systems fail.
Read more: Government AI cash won't fix the real problem: implementation
Regulators are right: most UK regulated firms have rolled out AI without the governance evidence that enforcement bodies now require. Treating AI as a compliance problem, not just a technology one, is the difference between moving fast safely and facing sanctions.
Read more: Regulators are right. Your AI rollout is probably too fast.
Anthropic's announcement of pre-built AI agents for major banks is being presented as the future of financial services automation. For mid-market UK firms under FCA and PRA oversight, it's actually a warning: agents designed for scale and speed in the US create new governance liabilities that most U
Read more: Wall Street's AI agents won't work for UK regulated firms
Anthropic's latest legal AI scores 90% on benchmarks while hallucinations still appear in real court filings. The benchmark is impressive; the deployment risk is real.
Read more: 90% accuracy isn't the same as safe implementation
Google Cloud's agentic AI vision is technically impressive and operationally dangerous for UK regulated firms that confuse capability with accountability. Autonomous agents in law, insurance and finance need governance built in, not grafted on afterwards.
Read more: Google's Agent Pitch Ignores the Governance Problem
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