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OpenAI's new ChatGPT for Financial Services automates financial modeling, equity research, and presentation work—the core output of junior investment bankers—launching September 10 with Morgan Stanley and Evercore as design partners.
The FSB published 12 AI governance practices formally endorsing AI-monitors-AI oversight — the first global regulatory body to institutionalize it. Comment period closes July 22.
AI-related conduct incidents in financial services now average $14 million per event, and C-suite concern about AI risk jumped from 16% to 56% in a single measurement period—with 73% of firms relying on human-AI hybrid oversight for high-stakes decisions.
Anthropic released ten pre-built AI agent templates targeting the most time-intensive financial services workflows — pitchbook building, KYC screening, earnings review, and more — with JPMorgan, Goldman, and Citi already running them in production.
Ninety-four percent of financial services firms are now running generative AI in core functions — and the compliance frameworks meant to govern those systems weren't designed for what AI can actually do.
Anthropic launched 10 financial AI agents for enterprise banks while OpenAI connected ChatGPT to 12,000+ institutions via Plaid — both companies are bidding to become the foundational AI layer for financial services.
Deloitte projects AI will force structural reinvention—not incremental improvement—across all five major financial services sectors, with autonomous agents and real-time risk modeling as the primary disruptors.
Augustus, led by CEO Ferdinand Dabitz, is positioning itself as the world's first AI-native clearing bank — built from the ground up on agentic AI, with no legacy infrastructure to retrofit.
More than half of financial services firms are actively running agentic AI, according to Cambridge Judge Business School's 2026 global report co-produced with the BIS, IMF, and WEF.
A new NVIDIA survey finds 89% of financial services firms plan to increase AI investment over the next 12 months, up from 65% last year, as the industry shifts from experimental pilots to measurable returns.
New data shows 55% of Americans used AI for financial tasks in the past year, with 86% reporting improved financial clarity. Globally, half of consumers across 23 countries used AI for savings and investment decisions in six months.
OpenAI acquired Hiro, an autonomous personal finance startup, in a move that signals ambitions to enter consumer financial services. The deal brings a team with expertise in financial AI agents that can execute transactions, not just give advice.
OpenAI acquired Hiro Finance, a startup building autonomous personal finance AI that takes actions on users' behalf — marking the company's most direct move yet into consumer financial services.