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UK banks Lloyds and Barclays test AI tools under FCA supervision in real-world trials

Market News
21 Apr 2026
Proactive Investors
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pluang ai news

Lloyds Banking Group and Barclays are among eight firms participating in a UK Financial Conduct Authority (FCA) initiative to test artificial intelligence (AI) systems in simulated real-world conditions. The testing, which runs through the end of 2026 with results expected in early 2027, aims to assess risks and support companies ready to deploy AI in live markets. Applications include investment support, credit insights, anti-money laundering detection, and AI-driven payments. This initiative reflects the FCA's commitment to fostering innovation while ensuring responsible AI use in finance.

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