What happened?
TCC Group is co-hosting a two-part webinar series with Recordsure, ‘AI in compliance’, running throughout October. The series focuses on two challenges clients raise every day.
The first session, on right-first-time suitability, runs on 2 October at 12.30pm and explores how combining AI with practitioner expertise can improve consistency, cut routine rework and ensure evidence is strong enough to withstand regulatory scrutiny.
The second session, on building on solid foundations, runs on 14 October at 12.30pm and looks at combining generative and predictive AI to build evidence frameworks that last, rather than deploying generative AI in isolation.
Why does it matter?
The FCA is increasingly expecting more than summaries: it wants auditable, reliable records. Building this quickly, without the right guardrails, can introduce real risks, including misunderstanding, rework and even regulatory penalties.
TCC believes compliance should be forward-looking, anticipating what the regulator will expect rather than simply reacting to rules already in place.
Who is affected?
Firms with high suitability caseloads that are stretched thin and prone to rework, and compliance teams responsible for producing evidence that can withstand regulatory questions.
Key risks
- Rushing generative AI adoption without the right guardrails, risking misunderstanding and rework.
- Producing suitability evidence that does not stand up to regulatory scrutiny.
- Treating AI as a bolt-on rather than part of a broader, responsible evidence framework.
Actions to take
- Register for the 2 October session on right-first-time suitability.
- Register for the 14 October session on building AI foundations.
- Assess how a combination of generative and predictive AI could reduce routine work while keeping evidence auditable.
Wider implications
Compliance isn’t just about avoiding fines – it’s about doing business the right way. Gaining oversight that frees compliance teams from routine tasks means the necessary evidence is already there when regulatory questions come.
Recommendations
Firms exploring AI adoption should treat it as part of a broader, responsible foundation rather than a quick fix, combining generative and predictive AI under TCC and Recordsure’s guidance.
Supporting sources
Frequently asked questions
When are the AI in compliance webinars?
The first session, on right-first-time suitability, runs on 2 October at 12.30pm; the second, on building solid AI foundations, runs on 14 October at 12.30pm.
Who is hosting the webinars?
TCC Group is co-hosting the series with Recordsure.
Why does the FCA care about AI-generated evidence?
The FCA increasingly expects auditable, reliable records rather than summaries, so firms need robust evidence frameworks before relying on AI outputs.
What's the difference between generative and predictive AI in this context?
Generative AI helps produce content such as summaries, while predictive AI is used to build consistent, reliable evidence frameworks; TCC recommends combining both responsibly.
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