Survey of 300 banks: near-universal AI in credit, governance falling behind
According to a survey by FT Longitude, SAS, and Microsoft, 299 of the 300 banks polled use AI in credit and risk choices. Only 18% of banks currently maintain fully operational, embedded AI governance processes, and 42% lack defined "kill switches" to deactivate AI models that cross preset boundaries. Just 10% reported that AI makes autonomous credit or risk decisions at scale today.
NoteThe gap between how widely models are used and how few banks have real-time drift monitoring or a kill switch is the part risk teams can act on first.
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