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Report Finds AI Integration Gap and Risks in Financial Services
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Report Finds AI Integration Gap and Risks in Financial Services
More than 80% of financial services firms are adopting AI to some level, led by fintechs over incumbents, but impact to date is on efficiency gains rather than business model transformation, according to a new report by the Cambridge Centre for Alternative Finance. Software engineering is a primary cyber risk for agentic AI use in financial services, with 48% of respondents flagging adversarial AI as a top concern. This is reinforced by the rece…
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