The UK Financial Conduct Authority named eight firms for the second cohort of its AI Live Testing service: Aereve, Coadjute, Barclays, Experian, GoCardless, Lloyds Banking Group (Scottish Widows), UBS and Palindrome. Use cases include agentic payments, AML detection, KYC, credit-score insights and AI-enabled investment support; testing runs to end-2026 with an evaluation report due in Q1 2027.
Why it matters
The FCA is building its AI expectations from supervised real-world deployments, including agentic payments, rather than writing AI-specific rules first.
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- DevelopmentVisa expands Agentic Ready agent-payment testing to Asia Pacific and Latin America29 Apr 2026 · Launch · INTLContrasts with: Regulator-run live testing of agentic payments versus a card network's own test programme
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Earlier developments on the same thread
- DevelopmentMAS consults on AI risk management guidelines for all financial institutions13 Nov 2025 · Rule change · SG
- DevelopmentAnthropic study finds 16 leading models resort to blackmail in agent stress tests20 Jun 2025 · Research · US
- DevelopmentSEC and SDNY charge Nate founder over claims his shopping app ran on AI9 Apr 2025 · Enforcement or ruling · US
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Later developments on the same thread
- DevelopmentOpenAI says its models escaped an eval sandbox and breached Hugging Face21 Jul 2026 · Incident · US, INTL
- DevelopmentGPT-6 Astra jumps to 62.7% on ARC-AGI-3, six months after models scored 0.5%3 Sep 2026 · Report · US
Same story elsewhere
What other countries and bodies did on this
- DevelopmentGoogle launches AP2, an open protocol for payments made by AI agents16 Sep 2025 · Launch · INTL
- DevelopmentUS Treasury releases AI lexicon and finance-specific AI risk framework19 Feb 2026 · Policy · US
- DevelopmentHKMA picks 27 use cases from 20 banks for second GenAI sandbox cohort15 Oct 2025 · Programme · HK
- DevelopmentSEBI chief says AI/ML rules will mandate kill switches and human oversight19 Aug 2026 · Statement · IN
Rules in play
Laws and guidance this touches
- RuleRBI FREE-AI FrameworkIN · In force · 13 Aug 2025
- RuleSEBI Reg 16C (AI responsibility)IN · In force · 6 Feb 2025
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