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NEWS: UK fintechs partner with Nvidia in ‘sandbox’ scheme to test AI products

Premium June 9, 2025

A person walks pass a Nvidia logo at Computex in Taipei, Taiwan June 5, 2024. REUTERS/Ann Wang/File Photo

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By PAUL O’DONOGHUE, Senior Correspondent

THE UK’s Financial Conduct Authority (FCA) will let fintechs test work with US tech giant Nvidia to test artificial intelligence (AI) tools before public release as part of a ‘sandbox’ scheme.

The initiative will allow financial and technology companies to trial AI products using Nvidia’s software in a “controlled” setting. ‘Sandbox’ initiatives allows financial and technology firms to test new products in a controlled environment before releasing them to the public.

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Premium

ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

 Premium

CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

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