Asia-Pacific banks increase focus on purpose-built AI
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AI-assisted source synthesis · not an independent investigation.
On October 15, 2026, FICO released a survey stating that 77% of senior banking leaders in the Asia-Pacific region consider it extremely important for banks to adopt AI tools developed specifically for financial services rather than adapted from consumer applications. The survey showed that data privacy and security are the biggest obstacles to banks’ adoption of AI, accounting for 42%; regulatory and compliance risks, and model transparency and explainability each accounted for 21%. Only 16% of respondents identified computing costs or infrastructure as their primary concern. In terms of applications, more than 60% of respondents were optimistic about using generative AI for fraud and scam detection, and 26% of banks had deployed task-specific AI models.
AI-written from reports · updated 4 days ago
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- Fintech News SingaporeFICO survey: 77% of Asia-Pacific banking leaders call for adoption of AI built specifically for financial services
A FICO survey shows that 77% of senior banking leaders in the Asia-Pacific region consider it extremely important for banks to use AI tools developed specifically for financial services rather than adapted from consumer applications. Data privacy and security are the biggest obstacles (42%), while regulatory and compliance risks, and model transparency and explainability each account for 21%; only 16% list computing costs or infrastructure as their primary concern. More than 60% of respondents are optimistic about using generative AI for fraud and scam detection, and 26% of banks have deployed task-specific AI models.
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