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AI uptake by UK financial sector will be nurtured with ‘supercharged sandbox'

By Frank Hersey ( April 23, 2025, 15:49 GMT | Insight) -- Efforts to boost the UK financial sector’s uptake of AI means a focus on expanding the use of digital sandboxing with greater computing power, datasets and testing capabilities, the Financial Conduct Authority said today in a report on a January engagement session with regulators, industry, academics and consumer groups. The FCA will also try to influence global standard-setting bodies on AI and work to remove regulatory uncertainty.Safely developing AI innovations in UK financial services through digital sandboxing emerged as a key focus of a recent two-day artificial intelligence input session, the financial markets watchdog said today.   ...

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