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flag UK selects eight firms to test AI in live banking environments.

flag The UK’s Financial Conduct Authority (FCA) has selected eight firms, including Barclays, Experian, and Lloyds Banking Group, to test AI in live environments. flag The initiative, running from April to year-end, focuses on applications like credit scoring and anti-money laundering detection. flag The FCA aims to promote safe AI use without introducing new rules, relying on existing frameworks and guidance.

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