appConfigEntityId

bodyType

customContents

entityId

entityUuid

isVideo

articlePageQuery

article

articleSchemaContent

content

hooksArticlePageAdvertisementConfigArticle

hooksArticlePageFloatingButtonConfigArticle

appConfig

filter

json

liveArticle

Themis Qi

Both regulators and clients could motivate banks to adopt artificial intelligence for greater efficiency gains in the coming years, an Amazon Web Services (AWS) executive has predicted, adding the trend could intensify the global race to embrace the cutting-edge technology.
Over the past few months, multinational banks have approached AWS about how to grow their business in innovative ways, said Shaown Nandi, vice-president of technology at the US cloud computing giant, in an interview with the South China Morning Post.
Though AI has already triggered massive lay-offs in the financial sector, industry surveys show the overall integration rate of the technology in the sector remains low.
Nandi said that based on his conversations with financial services providers, organisations were seeking ways to integrate AI into their services and provide customers with financial information as quickly as possible.
“All of these companies think about how AI can help them achieve outcomes for their end customers more quickly … and they want to do it within their existing budget,” he said.
Banking giants Standard Chartered and HSBC Holdings both made announcements recently that they would be replacing thousands of jobs with AI.
The financial sector was an early adopter of AI, as lenders had a good understanding of how to use AI for data management and automating workflows for compliance, according to Nandi.
He said that he also expected regulators would join the push for AI adoption in the coming years.
“I think you’re going to see an interesting change ... [where] regulators [may] ask banks and other companies why they’re not using AI for certain tasks, to help them get to faster accuracy and better processing.”

But Nandi said he remained optimistic about hiring trends, adding that he expected AI would free people from tedious tasks, and that companies which sought to innovate and grow would continually invest in talent.
Amid a boom in recruitment for those with specialised AI knowledge, efforts to integrate the technology within the banking system remain low.
According to a survey by MSCI, the number of executive committees reporting that they had an AI expert on their boards increased from 15 per cent in January 2022 to 25 per cent in June 2025.
However, just 14 per cent of boards reported that they had effectively integrated AI expertise over the same period of time.
“Many companies felt the pressure to say they’re doing something with AI because they want to show that they’re keeping up,” Nandi said.
He said that companies should focus on specific KPIs related to AI initiatives to avoid unnecessary, skyrocketing costs, and that professionals should continue to think about new ways to consistently apply AI to improve themselves and their firms.
Nandi said one of the biggest challenges moving forward would be for financial firms to maintain the pace of learning and innovation, instead of simply adopting every new AI model.
AI models are evolving rapidly, with as little as 1.5 days between new model releases by Chinese and US developers, according to the technology-focused industry service platform QbitAI.


Global monetary tightening tests China’s 2-speed economy

Mainland Chinese tax drive flags Hong Kong MPF accounts as offshore trusts

From US Fed rates to China’s global export share: 4 figures shaping markets

Senior HSBC bankers face double blow as school-fee subsidy cut adds to job risks: sources

Banking & finance

Banks are rushing to recruit AI leadership – but how will the tech be implemented?

Shaown Nandi, the vice-president of technology at Amazon Web Services. Photo: Handout

Customers use HSBC ATMs in Hong Kong’s Central district. Photo: Felix Wong

How are Chinese firms faring as AI and tech reshape global market cap rankings?

Nvidia CEO Jensen Huang introduces the chipmaker’s Vera Rubin architecture at the Computex trade show in Taipei on June 1. Photo: Reuters

SpaceX executives and guests celebrate its initial public offering at the Nasdaq MarketSite in New York on June 12. Photo: Reuters

China’s trillion-parameter AI race: how developers strive to narrow gap with US rivals

Even as model sizes balloon, Chinese AI firms continue to compete aggressively on price rather than relying solely on performance premiums. Photo: Shutterstock

Investors have increasingly rewarded companies like Zhipu which show progress in the frontier scaling race. Photo: AFP

AI boom sparks Kingboard subsidiary’s US$1.5 billion stake sale to ramp up PCB capacity

Kingboard Laminates Holdings is one of the world’s biggest makers of laminate materials used in circuit boards for AI servers. Photo: Shutterstock

A Kingboard Laminates manufacturing plant in Shenzhen, China. Photo: Handout

Is China AI ready to match Anthropic’s Fable 5? Musk, Zhipu’s Tang clash over GLM-5.2 rise

Elon Musk has responded to a post discussing when China could potentially produce a rival to Fable 5, saying the timeline would probably be the first quarter of next year. Photo: DPA

Zhipu’s GLM-5.2 has been ranked No 2 globally for front-end coding abilities, trailing only Anthropic’s Fable 5. Photo: Shutterstock

China’s MLCC suppliers eye Hong Kong capital as AI reshapes electronics supply chains

Chinese manufacturers linked to the booming multilayer ceramic capacitor industry are turning to Hong Kong’s capital markets to fund expansion. Photo: Sun Yeung

Demand for multilayer ceramic capacitors, known as the “rice of electronics”, is helping drive a fresh wave of Hong Kong listing activity. Photo: Jelly Tse

Business

Banking & Finance

News

China Future Tech

Companies

AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says


AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says.


Banks are rushing to recruit AI leadership – but how will the tech be implemented?

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says

AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says