UK's FCA Selects Eight Banks for AI Testing in Live Market Conditions
The UK's Financial Conduct Authority (FCA) has selected eight banks, including Barclays, Lloyds Banking Group, and UBS, for a program testing AI applications in live market conditions. The initiative, run with Advai, aims to evaluate risk controls and oversight as firms prepare to deploy AI in consumer and financial services. The program started in April 2026 and is expected to conclude by the end of the year.
Topics: AI applications AI in finance financial conduct authority fintech innovation regulatory testing