Artificial Intelligence Use in UK Financial Services and 2026 Survey
The 2026 artificial intelligence survey by the Bank of England and the FCA showed that AI adoption in the financial sector has reached 86 percent, with an increasing shift towards generative artificial intelligence.
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have published the results of their 2026 artificial intelligence adoption survey. The research revealed that the AI adoption rate among participating financial institutions rose from 75 percent in 2024 to 86 percent.
According to the survey results, the technology mix showed a major shift in favor of generative artificial intelligence. Generative AI accounted for 56 percent of all reported systems, compared to 17 percent for foundation models in 2024. AI usage was concentrated in operations and IT, reaching 31 percent.
The prevalence of third-party AI systems increased, making up 39 percent of all systems and 53 percent of high-importance systems. While 80 percent of participants stated that they deployed AI agents, 94 percent of organizations reported having firm-wide AI policies.
Sources
- einnews.com · Link