FCA Launches AI Live Testing Program
The Financial Conduct Authority launched AI Live Testing on Wednesday, Dec. 3, to give U.K. financial firms a supervised 'safe space' to trial artificial intelligence in live markets. The program pairs firms with the FCA and technical partner Advai to monitor fairness, accuracy, consumer outcomes and operational resilience during real-world deployments. First cohort — including NatWest, Monzo and Santander — will test customer-facing use cases, with applications reopening January 2026 and a 12-month evaluation.
Key Points
- 1Launches AI Live Testing to let firms trial AI in supervised live market conditions.
- 2Seeks to gather evidence on fairness, accuracy, consumer outcomes and operational resilience.
- 3Enables practitioners to iterate models with regulator oversight, informing future rules and deployment.
Scoring Rationale
New regulator-backed live-testing program increases industry readiness, limited by scope to UK financial sector and early cohort.
Sources
Public references used for this report.
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