A global survey by FT Longitude, SAS and Microsoft found most banks are racing to let AI decide credit and risk matters without human oversight. By 2031, 76% expect AI to make these decisions at scale, but only 18% have fully operational AI governance now. The study of 300 banking leaders across 31 countries also shows only 10% already use autonomous AI for credit or risk. The gap means many banks may rely on black‑box models that lack transparency.
Why it matters
Regulators and customers could face higher risk if banks deploy AI decisions without proper oversight.
