Catenaa, Wednesday, March 19, 2025- The People’s Bank of China (PBOC) has unveiled a plan to integrate artificial intelligence into the nation’s financial sector, emphasizing automation, cybersecurity, and regulatory oversight.
During its annual Technology Work Conference on Monday, the central bank outlined its 2025 financial technology agenda, prioritizing large-scale machine learning models in banking operations.
The initiative aligns with China’s broader digital economy objectives and follows the November 2024 release of the Action Plan for Promoting High-Quality Development of Digital Finance.
Regulators are urging banks to upgrade IT infrastructure, strengthen data security, and develop proprietary AI models rather than relying on external providers. Over 20 financial institutions, including the Agricultural Bank of China, have already implemented AI-driven systems for fraud detection, customer service, and risk management.
“With AI’s ability to enhance security and streamline operations, China is positioning itself as a leader in digital finance,” a PBOC spokesperson said.
As banks integrate AI, traditional roles may shift, requiring new workforce training and compliance adjustments. Regulators are tightening oversight to ensure AI meets security and governance standards.
Industry experts believe AI-driven automation will reshape banking, refining risk assessment and customer interactions. However, banks face challenges in merging advanced AI with legacy systems while maintaining regulatory compliance.
