AI coming for your money? Who keeps watch as tech becomes new financial advisor
Financial institutions are increasingly adopting AI to automate routine tasks like bookkeeping and improve decision-making accuracy. A KPMG report indicates that active AI usage in finance has surged to 75% as companies seek better forecasting and fraud detection.
Why it matters
The rapid integration of AI into financial services is fundamentally changing how businesses manage risk, compliance, and operational efficiency.
What if your next financial advisor is an AI?You could ask how much tax you owe, whether a particular investment is too risky, whether you can afford a home loan, or which financial product suits your needs.For companies, the questions get bigger: Can AI forecast cash flows? Which customers are likely to default? Where is fraud happening? What tax risks are sitting in the books? Which business decision could hurt margins?Much of this is no longer theoretical. AI is moving from being a simple tool used by finance teams to becoming a widely incorporated element through which financial information is analysed, and parts of the work are executed.The scale of the shift was highlighted in KPMG’s 2026 Global AI in Finance report, based on 1,013 senior finance leaders across 20 countries and 13 sectors.
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