Breaking News
FCA Helps Firms to Test AI Safely
The Financial Conduct Authority (FCA) is working with major firms to test Artificial Intelligence (AI) in a safe place to better understand the potential benefits and risks.
The AI Live Testing initiative is the first of its kind in the financial sector to help firms who are ready to use AI in UK financial markets. Participating firms receive tailored support from the FCA’s regulatory team and its technical partner Advai to develop, assess and deploy safe and responsible AI.
Gain Credit, Homeprotect part of the Avantia Group, NatWest, Monzo, Santander, Scottish Widows part of Lloyds Banking Group and Snorkl are the first group to take part.
AI testing is helping firms to address key questions around evaluation frameworks, live monitoring governance and risk management to ensure that AI is deployed safely and responsibly for consumers and markets.
Many of the AI applications currently being tested as part of the project focus on retail financial services including use cases to harness AI to support debt resolution or provide financial advice. Applications are also exploring the potential for AI to help improve customer engagement, streamline complaints handling and help consumers to make smarter spending and saving decisions.
Jessica Rusu, chief data, information and intelligence officer at the FCA, said: “Our new AI Live Testing service helps firms who are ready to use AI in live markets. By working closely with firms and our technical partner Advai, we’re helping to make sure that AI is developed and deployed safely and responsibly in UK financial markets.”
The project will help the FCA better understand how AI could shape UK financial markets and inform its future approach to the technology.
AI Live Testing complements the FCA’s Supercharged Sandbox which helps firms who are in the discovery and experiment phase with AI.
Applications for the second cohort for AI Live Testing will open in January 2026 and participating firms will be able to start testing in April.
People In This Post
Companies In This Post
- COVU Launches COVU OS, the AI-Native Operating Layer Rebuilding How Insurance Work Gets Done Read more
- Tribe Payments Joins Emerging Payments Association Asia as APAC Expansion Gathers Pace Read more
- Insurance Customers Are Losing Trust – and Pet Owners Are Among Those Feeling It Most Read more
- Morgan Stanley Investment Management Enters Digital Investments Universe With Launch of Morgan Stanley Bitcoin Trust Read more
- MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments Read more
CfC St. Moritz Welcomes Canton Network as New Main Partner
The CfC St. Moritz, the highly curated digital assets conference for investors and decision-makers, today announced Canton Network as its new main partner.
Money20/20 Unveils Global Powerhouse Jury for The Money Awards 2026
Money20/20 revealed the full roster of Jury members from across the world for The Money Awards 2026
Aiviq Appoints Former BlackRock and Apex Executive Nicholas Morse as Head of Revenue, Americas
Aiviq, the award-winning client data management platform trusted by the world's leading asset managers, today announced the appointment of Nicholas Morse as Head of Revenue, Americas. In this role, Mr. Morse will lead Aiviq's commercial strategy and growth initiatives across the Americas, driving adoption of Aiviq's suite of client data, AUM & flow management, and distribution intelligence solutions.
Nottingham Building Society Completes Core Banking Modernisation With SBS
Nottingham Building Society has announced the completion of its core banking modernisation programme with SBS
Meow Technologies Introduces Banking for AI Agents
Meow announced the launch of the world’s first agentic platform enabling AI agents to open and manage business bank accounts on behalf of users
Airwallex Appoints Carolyn Renzin as Chief Regulatory and Compliance Officer to Drive Next Phase of Global Growth
Airwallex, a leading global financial platform for modern businesses, today announced the appointment of Carolyn Renzin as Chief Regulatory and Compliance Officer (CRCO). Based in New York, Renzin will lead Airwallex's global regulatory and compliance program as the company continues to aggressively scale its financial infrastructure across the U.S.,Europe, Latin America, and other key markets around the world.
Oppenheimer Adds David Fleming to Private Client Division Leadership Team
Oppenheimer & Co. Inc., a leading wealth manager and investment bank and a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), today announced that David Fleming has been promoted to a leadership role within the firm's Private Client Division. He will be based in New York.
COVU Launches COVU OS, the AI-Native Operating Layer Rebuilding How Insurance Work Gets Done
COVU announced the launch of COVU OS, the core operating layer of its AI-native operating stack for insurance distribution
Tribe Payments Joins Emerging Payments Association Asia as APAC Expansion Gathers Pace
Tribe Payments has joined the EPAA, strengthening its engagement with banks, fintechs and payment providers across the Asia-Pacific payments ecosystem.
Insurance Customers Are Losing Trust – and Pet Owners Are Among Those Feeling It Most
Insurance customers across the UK are becoming increasingly critical of the value and outcomes they receive from their providers
Morgan Stanley Investment Management Enters Digital Investments Universe With Launch of Morgan Stanley Bitcoin Trust
Morgan Stanley Investment Management announced the launch of Morgan Stanley Bitcoin Trust, an ETP that seeks to track the performance of bitcoin
MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MPE 2026: Wolt on Achieving An Invisible Checkout
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]