FCA will launch a live AI testing service in September 2025, offering financial firms a safe environment to trial AI models under regulatory oversight.
The UK’s Financial Conduct Authority (FCA) has announced plans to introduce a live AI testing service this September.
This will provide a regulated environment for financial institutions to trial artificial intelligence models.
This initiative is part of the FCA’s AI Lab, established in October 2024, and aims to address the testing gap that hinders AI adoption in the financial sector.
The pilot program is expected to run for 12 to 18 months, during which participating firms can collaborate with the FCA to assess the feasibility and safety of their AI models.
In return, the FCA seeks to gain insights into the potential impacts of AI on UK financial markets.
This move aligns with the FCA’s five-year commitment to becoming “increasingly tech positive to support growth,” as stated by Chief Data, Intelligence, and Information Officer Jessica Rusu.
She emphasized the importance of providing a safe space for firms to test AI applications.
She ensured that both the industry and consumers can benefit from technological advancements.
The UK FCA is currently inviting feedback on the proposal, with the consultation period open until June 10.
