FCA authorizes Barclays, Lloyds, and UBS to develop and test real‑world AI applications under its AI Lab program.
Program will assess AI risks, explore agentic and neurosymbolic models, and run controlled live‑market tests with real customers.
Lloyds has already used thousands of staff to trial an AI financial assistant for spending, saving and investment guidance.
Additional participants include Experian, Aereve, Coadjute, GoCardless and Palindrome; tests expected to finish by year‑end 2026.