AI Could Make Banking “Safer and More Secure,” Says Trump
U.S. President Donald Trump has said that artificial intelligence (AI) has the potential to significantly improve the banking system by making it “better, safer and more secure,” even as concerns around its risks continue to grow.
Speaking in an interview with Fox Business, Trump acknowledged that while AI could pose challenges to financial stability, it also offers transformative benefits for the sector. When asked whether AI could be trusted in banking, he responded cautiously but optimistically, suggesting that the technology could enhance efficiency and strengthen security systems.
At the same time, Trump emphasized the need for strong government oversight. He supported the idea of safeguards—including a possible “kill switch”—to control AI systems in case they pose risks or are misused.
Rising Concerns Over Advanced AI Models
The remarks come amid global discussions about the risks posed by advanced AI systems, particularly models like Claude Mythos developed by Anthropic. Experts warn that such technologies could detect vulnerabilities in banking infrastructure, potentially enabling sophisticated cyberattacks if misused.
Due to these concerns, access to such models is currently restricted and being tested under controlled environments before wider release. Governments and financial institutions worldwide are closely monitoring developments and evaluating their preparedness against AI-driven threats.
Balancing Innovation and Risk
Trump’s comments highlight the dual nature of AI in finance—offering both innovation and disruption. While AI can improve fraud detection, automate operations, and strengthen cybersecurity, it also raises questions about systemic risks and regulatory readiness.
As AI adoption accelerates, the focus is increasingly shifting toward building secure frameworks that allow innovation while protecting critical financial systems.