StarCompliance

Over 60% of financial services firms anticipate using more sophisticated AI tools by 2030.

Only 9% of financial services firms have adopted more advanced "automated regulatory intelligence" platforms.

71% of financial services firms noted data protection concerns are driven by the volume of sensitive data required to support AI models.

47% of financial services firms take a "learn as I go" approach to AI education.

65% of financial services firms cite data protection as the primary barrier to AI adoption.

50% of financial services firms don't factor AI capabilities into vendor evaluations

51% of financial services firms block open-access AI tools entirely.

52% of financial services firms report using preliminary AI tools for tasks such as information retrieval and data enrichment.

70%+ of financial services firms have formal AI usage policies.

43% of financial services firms are concerned about bias in AI-generated outputs.

Closed-source AI (e.g., Gemini) is more popular (41%) than open-source (e.g., ChatGPT at 32%) with financial services firms.