The Growing Risk of Rogue AI in Banking

Penny Crosman, executive editor for technology at American Banker, talks about the growing risk of "rogue AI" in banking and why generative and agentic AI have changed the stakes for the industry. She discusses how banks are trying to balance the pressure to adopt AI quickly with the need to control operational, reputational, and cyber risks, including the threat of cascading errors and increasingly powerful models like Anthropic's Mythos.