AI and finance: banks' rush towards Anthropic's "Mythos" worries regulators - Interview

Deutsche Bank CEO Christian Sewing stated that "everyone" in the banking sector was seeking access to Mythos, a system developed by Anthropic. This statement comes as regulators intensify their scrutiny of the potential risks associated with the technology.

According to Christian Sewing, financial institutions are in close contact with European regulators to assess the implications of this tool, particularly regarding cybersecurity and the stability of the financial system. The massive interest in Mythos reflects the growing importance of artificial intelligence in banking activities.

At this stage, access to Mythos remains very limited. Only the American bank JPMorgan is reported to have obtained confirmed access to this technology, further fueling competition among major financial institutions seeking to benefit from it.

International regulators are closely examining the risks associated with integrating such solutions, particularly regarding the protection of sensitive data, IT vulnerabilities, and the potential impact on financial markets. This vigilance reflects growing concerns about the rapid adoption of advanced technologies in critical sectors.

For banks, the challenge is twofold: remaining competitive by integrating the latest innovations while ensuring security and regulatory compliance. The appeal of Mythos illustrates this tension between technological innovation and risk management.

As discussions continue between financial institutions and supervisory authorities, the rise of artificial intelligence in finance could redefine the balance of the sector, while imposing new challenges in terms of regulation and governance.