FCA Launches AI Lab

Our AI Lab adds a new Artificial Intelligence (AI) focus to our Innovation Services, supporting innovators as they develop new AI models and solutions.

We want to enable the safe and responsible use of AI in UK financial markets, driving growth, competitiveness and innovation in the sector.

The AI Lab will support us in deepening our understanding of the risks and opportunities AI presents to UK consumers and markets, and help inform our regulatory approach in a practical, collaborative way.

The first components of the AI Lab include:

• AI Spotlight
• AI Sprint
• AI Input Zone
• Supercharged Sandbox

Interested in learning more? Sign up to stay up to date on the latest AI Lab developments.

AI Spotlight

Projects accepted to the AI Spotlight will provide a real-world insight and practical understanding into how firms are experimenting with AI in financial services.

Projects selected for the AI Spotlight will be featured on a dedicated Digital Spotlight webpage, offering a valuable repository of practical solutions that showcase applications of AI across specific themes. Innovators can also take part in a Showcase Day at the FCA London office on 28 January 2025.

Applications are now open. Download the participation pack (PDF) for full details.

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AI Sprint

Bringing together industry, academics, regulators, technologists, and consumer representatives, we will host an AI Sprint at our London office on 29 and 30 January 2025. This AI Sprint will help inform our regulatory approach to AI and how we can create the right environment for growth and innovation.

Applications for the AI Sprint will open soon. Register your interest now.

AI Input Zone

We’ll invite all stakeholders to have their say on the future of AI in UK financial services through an online feedback platform. We look forward to hearing your views on the most transformative use cases, how our current framework works and how we may need to adapt in the future. The platform will open in the coming months.

Supercharged Sandbox

Looking ahead, we’ll run AI-focused TechSprints and enhance our Digital Sandbox infrastructure through greater computing power, enriched datasets and increased AI testing capabilities. We look forward to inviting firms to collaborate and experiment in new ways.

Our approach to AI

We’ve been monitoring and supporting innovation in AI for many years. Our approach is rooted in the latest evidence and expertise.

We continue to deepen our understanding of how AI is being deployed in UK financial markets while monitoring it within our existing, wider regulatory framework.

Source: FCA