ProSight and Oliver Wyman Release Risk Outlook Survey: Banks See Opportunity to Remake Risk Management
Business Wire•10/11/2026•08:03 ET
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Key Highlights
- ➤160 banking leaders surveyed; 87% see looser regulation as optimization opportunity
- ➤64% already use AI in risk; another 26% are running pilot programs
- ➤Technology and cyber risk lead concerns at 64%, followed by fraud and financial crimes
- ➤65% expect regulatory pressure on AI practices to intensify in the coming year
- ➤49% rank data quality and availability among top three AI deployment obstacles
Expert Statements
Jen Guidi, CEO of ProSight Financial Association
“The shift in regulatory tenor has given risk leaders much more room to ask: ‘Is this the best way to do this work?’”
Jen Guidi, CEO of ProSight Financial Association
“What stands out is what they're doing with the answer. While they’re using cost savings to re-invest in risk operations, they are sharply focused on doing better risk management and anticipating what’s on the horizon, from working to turn back a surge in fraud to the improvements in data quality that will be needed to optimize further advances in AI.”
Michael Duane, Partner in Oliver Wyman’s Finance and Risk Practice
“This year’s survey highlights how AI is simultaneously making risks more complex and giving banks powerful new tools to fundamentally reinvent how they manage risk”
Jen Guidi, CEO of ProSight Financial Association
“Risk is no longer a function that reviews the business after the fact”
Jen Guidi, CEO of ProSight Financial Association
“As threats move faster and AI compresses decision cycles, the strongest institutions are building risk into how the business makes decisions in the first place. That is the real transformation underway.”
ProSight and Oliver Wyman Release Risk Outlook Survey: Banks See Opportunity to Remake Risk Management
- Survey of 160 financial services leaders finds artificial intelligence a force for transformation in the risk function.
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