86% of UK financial firms use AI, Bank of England survey finds
The fourth Bank of England and FCA survey finds 86% of respondents use AI, up from 75% in 2024, led by generative AI.
By GennnAi··1 min read
Generative AI accounts for 56% of reported systems. On agents, 80% of respondents have deployed them, but only 2% with broad autonomy. Third-party implementations make up 39% of systems, and the top three cloud providers hold 79% of reported relationships. Operations and IT hold about 31% of systems. Over one to three years, respondents expect risks to rise, notably cyber risk and dependence on critical third parties.
Source: Bank of England, published on October 26, 2026.