Our Scans · (FS.1.08) Future Of Banking · Weekly Summary

• [New] The Bank of England has signalled the need for more sophisticated regulation to manage the financial stability risks posed by increasingly autonomous agentic AI systems. FTI Strategic Communications
• [New] Millions of people in the UAE experienced disruptions to their digital banking services. Check Point Software
• According to the Deloitte Center for Financial Services' Deepfake Banking Fraud Risk on the Rise 2024, generative AI-enabled fraud losses in the United States will reach $40 billion by 2027, growing from $12.3 billion in 2023 at a 32% compound annual growth rate. Adaptive Security
• Bank of America has heavily invested in its fraud prevention technology to combat future risks for clients. Bank of America
• If Nauru wants to explore virtual assets, digital banking or Web3 - related activity, it will need strong supervision, clear licensing, anti-money laundering safeguards, international cooperation and transparent governance. The Fintech Times
• While 93% of UK bank executives believed they could keep operating in a significant outage, only 47% had carried out a single test around AI disruption, while 26% had not conducted any. The Guardian
• The European Payments Council has repeatedly warned about increasing cases involving fake bank representatives, fraudulent customer support agents, fake accommodation providers, and impersonation attacks targeting digital payment users. Mexico Business
• AI-powered banking modernization is a key focus of Saudi Arabia's Vision 2030 projects. Precedence Research
• The Middle East and Africa are expected to grow at a notable CAGR in the foreseeable future, as digital banking continues to transform rapidly and fintech investments surge. Precedence Research
• The banking sector alone is expected to spend $84.99 billion on Gen AI by 2030, growing at 55.55% CAGR (Statista via AIMultiple). AIGums
• Central banks such as the Bank of England have started to flag AI-linked asset prices and concentration as a potential financial stability vulnerability. Default
• Singapore bank DBS to offer tokenized gold to retail customers: DBS said it will list the product, called DBS Physical Gold Tokens, on its digibank platform and is also considering making it available on the DBS Digital Exchange for accredited investors and institutions. CoinDesk
• The Bank of Italy said it was engaging global AI firms over security risks for banks, adding supervisory attention to model access, testing and resilience in Italy. Digital Forensics Magazine
• The customer onboarding segment is expected to expand at a CAGR of 13.9% in the coming years, owing to the rising demand for remote and digital banking services. Precedence Research
• The most notorious promise of quantum computers has been that they will one day break RSA encryption, a long-standing protocol used worldwide to secure bank transfers, cryptocurrencies and digital communication. Scientific American
• Bank of England says it is testing systemic AI risks The Bank of England said it is testing risks that artificial intelligence could pose to the financial system. Prompt Injection
• Generative AI could drive annual bank fraud losses to as much as $40 billion by 2027 - more than triple 2023 levels. The Ohio Society of CPAs
• Dive into the future of banking at Australia's premier digital banking summit, where experts and industry leaders will explore the intersection of global dynamics, macro-economic shifts, and cutting-edge technology that will drive the next evolution in banking. Forefront
• The CLARITY Act cleared the Senate Banking Committee and could set clear rules for digital assets, helping tokens like XRP draw more institutional capital. TechBullion
• Third-party AI agents shopping on customers' behalf could redistribute deposits and compress margins, with $170 billion of global banking profits at risk if banks do not respond. Zowie
• As Greek banks continue modernising their infrastructure, open banking is gradually creating opportunities in personal finance management, lending, payments and embedded finance. The Fintech Times

Last updated: 09 July 2026