Lloyds and Barclays test AI systems in real-world conditions under regulator's watch

Lloyds Banking Group PLC (LSE:LLOY) and Barclays PLC (LSE:BARC) are among the companies taking part in "live testing" of artificial intelligence tools under the watchful eye of the UK financial watchdog. The lenders are among eight firms, alongside Experian PLC (LSE:EXPN), UBS (NYSE:UBS) and Go-Cardless, chosen by the Financial Conduct Authority for the second round of testing AI applications under regulatory supervision.