About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Plenitude Joins Skills Compact to Address AI Oversight in Economic Crime

Subscribe to our newsletter

Plenitude has joined the Financial Services Skills Compact as a Supporter, linking workforce development to the skills needed to oversee artificial intelligence (AI) in economic crime controls. The specialist economic crime firm argues that staff must retain the judgement to challenge automated decisions and remain accountable for control effectiveness as technology takes on more work.

The Compact, led by the Financial Services Skills Commission (FSSC), brings government and industry together to address skills gaps across financial services. Supported by HM Treasury, Skills England, TheCityUK and the City of London Corporation, the initiative launched in July 2026. It asks regulated signatories to appoint a senior executive accountable for closing skills gaps and publish progress annually.

For economic crime teams, Plenitude identifies a need to interpret and challenge outputs from AI, machine learning, graph analytics, behavioural analytics and automation. As these technologies take on more detection, triage and analysis, staff must recognise when systems are not working as intended. The firm views skills development and AI adoption as a control issue as well as a workforce issue.

Alan Paterson, Founder and Chief Innovation Officer at Plenitude, questioned whether access to AI provides a useful measure of workforce capability: “Most firms can tell you how many of their people have access to AI. Very few can tell you whether those people are getting better at the work they remain accountable for.”

Paterson also raised the challenge of developing expertise when AI performs work through which staff have traditionally learnt. He identified critical thinking, judgement, problem solving and creativity as skills built through practice, and said Plenitude was examining how to develop its next generation of talent as that work changes.

Louise Brett, Plenitude’s CEO, connected skills development to accountability for technology: “Technology will only be as effective as the people who deploy it, challenge it and remain accountable for it.”

The FSSC’s first phase of research for HM Treasury, A Workforce Transformed, examined potential task automation across financial services and pressure on the future supply of highly skilled workers. A second phase considers how the sector should respond, with recommendations due in early 2027.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to harness the power and potential of ownership data

The importance of ownership data has escalated over the past few years as financial institutions have acknowledged its potential. Key use cases include integrated risk assessment, which uses ownership data to help financial institutions gain a clear understanding of supplier and customer networks, and identify and mitigate risk. Equally significant is the use of ownership...

BLOG

Asian KYB Requires Live Registry Data, Not Another Database: AsiaVerify CEO

Asian know-your-business (KYB) controls have an uncomfortable blind spot: firms can spend heavily on onboarding, sanctions screening and case management while still making decisions from corporate records that may be weeks or months out of date – and sometimes more. AsiaVerify CEO Leas Bachatene spoke with RegTech Insight about the KYB challenges for firms with...

EVENT

Data Management Summit London

Now in its 17th year, Data Management Summit (DMS) London returns In April 2027, to explore how to use data and AI to drive measurable business outcomes reliably, repeatedly and at scale.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...