Fintechs Outpace Banks on AI by Embracing Experimentation
The narrative around artificial intelligence in financial services pits ‘innovators’ against ‘incumbents’.
According to the co-founder and CEO of Pecan AI, the reality is far more subtle and consequential, with fintechs differing meaningfully from established banks in their tech risk appetite.
Their tech risk appetite differs meaningfully from established banks.
- UK chancellor is racing to fill a £30bn gap in the country’s finances.
- Banks have lots of internal work to do.
- Fraud minister Lord Hanson says the much-anticipated strategy ‘will probably be published’ in early 2026.
- FCA, PRA and Treasury accept need to support fast-growing fintechs.
Author's summary: Fintechs outpace banks in AI adoption.
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