The Central Bank (BC) conducted a study on the use of artificial intelligence in the national financial system (SFN) and confirmed that the adoption of this tool will depend on the maturity of the technology and the investment capacity of institutions. The study was published in the Financial Stability Report (REF).
According to the study, the use of artificial intelligence is widespread at large banks, but less so at credit unions and clearinghouses.
“AI adoption varies widely across macro segments, reflecting structural and strategic differences.Banks stand out as having broadly adopted the technology, particularly in S1 and S2, but there are some disparities in adoption in S3 and S4. “In contrast, cooperatives and IP have shown lower adoption rates, suggesting operational constraints and lower technology priorities.”
According to BC, reports from institutions show the benefits of using artificial intelligence to improve efficiency, cost savings, and the quality of decision-making. “These benefits suggest that this technology is being applied strategically and directly contributing to improved agency management beyond automation,” he noted.
For BC, agencies’ recognition of the risks of AI is consistent with international discussions focused on legal, operational, and data quality issues. He emphasized that “the stage of adoption of AI in institutions already using this technology reveals a scenario of integration with progress towards operational maturity.”
The REF also noted that the preponderance of artificial intelligence models developed by third parties indicates a “technological dependence” on specialized suppliers in this field.
“The lack of concrete AI risk management practices in most institutions reveals a related gap in technology governance,” the report states.
The goal of the research is to “advance understanding of practices and risks and assist in the development of potential specific regulations,” the document said.
About The Author
