By Wealth Management
Publication Date: 2026-01-23 15:06:00
NVIDIA published its sixth annual “NVIDIA State of AI in Financial Services” report this week, based on a survey of more than 800 industry professionals worldwide.
While much of the report showcases areas of growth in AI, as one might expect from the dominant AI chipmaker, it also points out key use cases where large institutional players in financial services are finding traction and success, delivering efficiency gains and ROI, and the top challenges.
Fairly obvious and much-discussed examples include fraud detection, risk management and customer service.
Among the findings are that nearly 100% of respondents reported there would be no decrease in AI budgets, with expectations that they will either increase or stay the same in the next year. Overall, AI usage is up as well, with 65% of respondents reporting that their company is actively using AI, up from 45% in last year’s report.
Source: NVIDIA State of AI in Financial Services: 2026 Trends
When it comes to types of AI being used, 61% of respondents report their companies are using or assessing generative AI, up from 52% year over year.
More interesting is the finding that 42% of respondents and their companies are using or assessing agentic AI, with 21% saying they’ve already deployed AI agents. And 84% said open-source models and software are important to their AI strategy.
The top five challenges with agentic AI include performance reliability issues (accuracy, drift,…
