FCA to test Open Finance infrastructure models as agentic AI reshapes data sharing

What's happening

The FCA plans to run tests of Open Finance infrastructure using centralised, decentralised and hybrid models as industry leaders debate Smart Data adoption, while the regulator simultaneously sets out how it will supervise agentic AI in finance. Jessica Rusu (FCA chief data, information and intelligence officer) outlined that the watchdog will build a framework for agentic finance covering agent identity, delegated authority, accountability and execution, and has urged AI providers to place clear disclaimers on financial content. The FCA also published good and poor practice observations on AI use in financial services (saying it is not introducing a dedicated AI rulebook or mandating a single operating model) at the same time surveys show generative AI now accounts for more than half of AI systems in UK financial firms. Other regulators are moving too, for example Hong Kong Monetary Authority's ART framework focusing on Accountability, Resilience and Trust for agentic AI in banking.

Why it's trending

Because agentic AI and Open Finance are converging right now, regulators (FCA and HKMA) are publishing governance expectations while the FCA will actively test infrastructure models to see how data sharing should work.

SignalHolding at its usual pace, confirmed across 2 independent source types.