Large-scale application of AI may jeopardize the stability of global financial system.

This was mentioned in “The New Physics of Financial Services” report of World Economic Forum, WEF.

The report was prepared in collaboration with Deloitte Consulting and presents various scenarios of the possible impact from incorporation of artificial intelligence and machine learning in financial ecosystem.


According to the report, previously the success of the company depended on the volume of asset portfolio. However, the volume of data base will play a decisive role in the future, allowing using AI to provide individual approach to every customer.

In addition, even bank accounts may disappear in the future, falling behind special algorithms, which will automatically allocate customer’s financial means.


“AI research and efficient work require access to data base and creation of unified data base in the future. The latter will be an attractive target for hackers, who will create a chaos in global financial system with a single successful attack. The more interconnected the world is, the more vulnerable it gets towards cyber-attacks,” authors of the report noted.

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