Anthropic Joins UK FCA's AI Regulatory Sandbox
Testing AI applications in financial services
1Anthropic's Role
Anthropic will provide Claude AI models to the UK Financial Conduct Authority's (FCA) second Supercharged Sandbox cohort. This aims to help financial companies test AI applications in a controlled environment.
2Participants and Applications
The second cohort includes 21 organizations such as Scottish Widows, Money Advice Trust, and TrueLayer. Participants will develop various applications, from payment systems to fraud detection, using tools like Claude Code and Claude Cowork.
3Increase in Applications
The FCA announced it received 199 applications for the second cohort. This marks a 51% increase from the first group, indicating growing demand for regulated environments where financial firms can experiment with AI systems.
4Collaborations and Infrastructure
The program builds on FCA's partnerships with NVIDIA and NayaOne. These collaborations provide participants with computing infrastructure and development tools.
5Agentic Academy
Alongside the second cohort, the FCA launched a 10-week Agentic Academy to help firms develop and deploy AI agents in financial services.
6AI Live Testing Program
While the Supercharged Sandbox targets firms in the discovery and experimentation phase of AI development, FCA's AI Live Testing program supports firms ready to use AI in live markets.