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UK financial services providers to get regulatory AI live testing service

( April 29, 2025, 10:15 GMT | Official Statement) -- MLex Summary: Financial services firms in the UK are set to benefit from a live testing capability for AI products, provided by the Financial Conduct Authority, which plans to launch it in September. The collaborative testing will support financial companies to develop and deploy generative AI models in their services, and is expected to turn around the slowdown in AI adoption in the sector. It will also give the FCA insight into the challenges companies face and how financial markets could be affected by AI. The authority is seeking feedback on its propels for the testing until June 10.Statement follows, engagement report attached:...

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