Keeping an eye on AI in financial services: The AI Survey

The last survey

The last major survey of the use of AI in the UK's financial services industry was undertaken several years ago Artificial intelligence in UK financial services - 2024 | Bank of England and a fair amount has changed since then.

The live survey

The latest AI Survey was launched earlier this month and is available for completion until the end of next week, 31 July 2026. 

Call to action

All firms are encouraged to complete the survey, the results of which are anticipated by the end of the year, and will give the latest picture of what is happening across the industry.

Our thought leadership

You can read more updates like this by subscribing to our monthly financial services regulation update by clicking here, clicking here for our AI blog, and here for our AI newsletter. 

If you would like to discuss how current or future regulations impact what you do with AI, please contact me, Tom Whittaker, or Martin Cook. You can meet our financial services experts here and our technology experts here.

The Bank of England and FCA’s 2026 AI Survey is now live . This voluntary survey aims to understand the development, deployment, and use of artificial intelligence and machine learning (AI/ML), including foundation models, generative AI (GenAI) and agentic AI, in UK financial services. Building on the 2019, 2022 and 2024 surveys, responses to this survey will help build a longer-term picture on AI/ML adoption and use across the UK financial sector. The survey will be open for responses from firms until 31 July.

https://www.onlinesurveys.fca.org.uk/jfe/form/SV_5ArybsWFfhk3zIG