Citigroup Chief Executive Officer Jane Fraser warned that artificial intelligence is acting as both a tool and a threat in the banking sector, increasing cybersecurity risks for financial institutions. Fraser said the rise of AI is also speeding up regulatory scrutiny, putting more pressure on banks to reassess how they handle risk.
According to the brief item cited by Techub and sourced to Crypto Briefing, Fraser’s remarks frame AI as a force reshaping two core areas at once: risk management and investment strategy. Her comments point to a banking environment in which firms are not only adopting AI-driven tools, but also facing a broader set of security and compliance challenges tied to that adoption.
The report did not provide additional details on where Fraser made the remarks or which specific regulatory measures or investment changes she was referring to.
Citigroup Chief Executive Officer Jane Fraser said artificial intelligence is now doing two jobs in banking at once: acting as a tool and as a threat, while also pushing up cybersecurity risks across the sector.
And she said the shift is speeding up regulatory scrutiny and changing how firms handle risk management and investment strategies.
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