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BNM Governor: Banks Must Keep Humans Accountable for AI Decisions

Source: Fintech News Malaysia AI Source published: 09 Jul 2026 NadiAI generated: 11 Jul 2026
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Bank Negara Malaysia reports over 70% of Malaysian financial firms have adopted at least one AI application, used for tasks like fraud detection and credit assessment. Governor Abdul Rasheed Ghaffour urged banks at the AICB Nexus Conference to maintain human accountability and strengthen governance over AI use.

Why It Matters

Clear human oversight and governance are crucial as AI use expands in financial services to manage risk and public trust.

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