Aereve
UK firm in FCA AI Live Testing second cohort; evaluation Q1 2027.
Last refreshed: 22 April 2026 · Appears in 1 active topic
Can a cohort startup survive FCA live-market AI scrutiny alongside Barclays?
Timeline for Aereve
Selected for FCA AI Live Testing second cohort
UK Startups and Innovation: FCA names eight firms in AI Live Testing round two- What is Aereve and what does it do?
- Aereve is a UK organisation selected for the FCA AI Live Testing second cohort in April 2026. Its specific product domain was not disclosed at the cohort announcement; it will test AI systems in live financial conditions under FCA supervision.Source: FCA
- Which firms are in the FCA AI Live Testing second cohort?
- The second FCA AI Live Testing cohort (April 2026) comprises Aereve, Coadjute, Palindrome, Barclays, Experian, GoCardless, Lloyds/Scottish Widows, and UBS. Advai is the technical assurance partner.Source: FCA
- When will the FCA AI Live Testing second cohort evaluation finish?
- The FCA AI Live Testing programme evaluation for the second cohort is scheduled to conclude in Q1 2027.Source: FCA
Background
Aereve was named as one of eight firms in the FCA's second AI Live Testing cohort on 21 April 2026, alongside Barclays, Experian, GoCardless, Lloyds/Scottish Widows, UBS, Coadjute, and Palindrome. Evaluations are scheduled to conclude in Q1 2027.
Aereve is a UK-based organisation selected into the cohort. Its specific product domain was not disclosed at the time of the cohort announcement. Inclusion alongside major incumbents (Barclays, Lloyds, UBS) and established fintechs (Experian, GoCardless) indicates the FCA assessed Aereve's AI governance framework as sufficiently mature for live-market testing.
The AI Live Testing programme is the FCA's mechanism for evaluating AI systems in real-world financial conditions. FCA Regulatory Sandbox applications rose 49% year on year as of April 2026, the highest volume since the FCA Innovation Hub launched in 2016.