Financial Services Agency Releases Discussion Paper on AI Utilization, Over 90% of Financial Institutions Have Adopted AI

On the 3rd, the Financial Services Agency announced the 'AI Discussion Paper (Version 1.1)', aimed at organizing the current state and challenges of AI adoption in financial institutions and promoting efforts towards its sound utilization. Initially, the agency conducted a survey and also held hearings with various financial sector companies, including banks, commodity trading firms, and insurance companies, totaling 130 businesses, to investigate the current situation.