AI in finance is the use of machine learning and language models by financial firms, central banks and supervisors, for work such as data analysis, forecasting, payments and compliance.
In plain words
A growing number of financial firms and supervisors now use AI. Firms use AI for efficiency, compliance, tailored products and analytics, and language models have widened the range of uses. Regulators such as the Financial Stability Board also watch for new risks, such as many firms depending on the same few service providers, and more fraud and disinformation made with generative AI.
A quick example
Imagine a bank that uses one model to flag card payments that look like fraud, a language model to summarise new regulations for its compliance team, and a forecasting model to plan how much cash its branches need.
Where you'll meet it
- Efficiency, compliance and tailored products at financial firms.
- Central banks and supervisors analysing data and forecasting.
Related
Sources
- DocsThe Financial Stability Implications of Artificial Intelligence, Financial Stability Board · read 29 Sept 2026
- DocsGovernance of AI adoption in central banks, Bank for International Settlements · read 29 Sept 2026
Checked by WhatIsAI against the sources above · 29 Sept 2026. Spotted an error? Report it.