FCA (UK): Review of AI Impact on Retail Finance

The UK Financial Conduct Authority (FCA) launched a major review on January 27, 2026, into the use of advanced AI in the retail finance sector. The regulator intends to assess how algorithms impact competition and consumer rights.

The focus is on risks of price discrimination, transparency in credit decision-making, and potential market monopolization by big players with access to the best models. The review findings, expected in mid-2026, could form the basis for strict new standards for the FinTech industry.

Source: FCA / Reuters