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Embedding AI in banking comes with robust controls, UBS says

By Choonsik Yoo ( May 30, 2025, 03:31 GMT | Insight) -- After pioneering AI use across operations ahead of its peers in the financial industry, investment bank UBS has also stepped up its vigilance to manage risks associated with the immaturity of the new technology. UBS Executive Director, Technology Rochak Agrawal said yesterday that while AI's advancements are promising, it doesn’t mean that these tasks are now performed without human intervention. While positioning itself as a pioneer in the financial services industry by embedding AI into its core processes, investment bank UBS has stepped up its vigilance to manage risks associated with the immaturity of the new technology, a senior official at the bank said....

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