Our Managing Partner, Basil Hwang, was recently interviewed by Asian Banking & Finance, discussing the governance and control considerations banks must address when adopting AI.
The full interview is available here: https://asianbankingandfinance.net/videos/fragmented-rules-and-ai-push-banks-overhaul-controls
Key points from the interview include:
• 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗯𝗲𝗳𝗼𝗿𝗲 𝘀𝗽𝗲𝗲𝗱. Banks must apply disciplined governance when deploying AI. All AI tools should be carefully audited before being put in place.
• 𝗖𝘆𝗯𝗲𝗿𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗿𝗶𝘀𝗸𝘀 𝗮𝗿𝗲 𝗶𝗻𝘁𝗲𝗻𝘀𝗶𝗳𝘆𝗶𝗻𝗴. As prime targets for bad actors, banks face heightened exposure when using generative and agentic AI, including risks of hacking, data leakage and privacy breaches. This reinforces the need for rigorous implementation standards and ongoing oversight.
• 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗴𝗮𝗶𝗻𝘀 𝘄𝗶𝘁𝗵 𝘄𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗶𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀. AI can deliver cost savings across backroom, back-office and customer facing functions. However, these efficiencies may also reshape employment, requiring proactive workforce retooling, change management and thoughtful redeployment rather than wholesale replacement.
For banks in 2026, the challenge is no longer whether to adopt AI, but whether governance and controls can keep pace with adoption.
How do you see AI adoption evolving in the financial sector over the next few years?
