In TrendsApple Event 2026iPhone 18 ProSensex TodayIPO SubscriptionNSE IPONifty OutlookStocks to WatchAI in banking: Why ‘sovereign AI’ is becoming the next big focus for financial institutionsAI adoption is moving deeper into financial decision-making, but a new report argues that banks must focus not just on data localisation, but also on who controls the AI systems they rely on.By CNBCTV18.com September 9, 2026, 5:40:31 PM IST (Published)Artificial intelligence is increasingly used in banking for credit assessment, fraud detection, customer service, risk management and portfolio monitoring. A new report argues that as reliance on AI grows, financial institutions face a more basic question: who controls the intelligence behind these decisions.The report, titled "Sovereign AI in Financial Services – 2026 Edition," was written by Rohit Kohli, chief technology officer at ScoreMe Solutions, with Rachna Singh, an advisor to the company, as co-author. It contends that sovereignty in AI is not primarily a matter of where data is stored, but of whether an institution can understand, govern and take responsibility for the systems it relies on."Financial institutions are moving from experimenting with AI to placing it closer to the core of decision-making. At that point, adoption alone cannot be the measure of success. Institutions…
Original source: https://www.cnbctv18.com/technology/
