AI in Banking: IMF Warns Sri Lanka That Trust Must Come Before Technology
Artificial intelligence is entering Sri Lanka’s banking system, but are financial institutions prepared for the risks? At the Central Bank’s 76th Anniversary Oration, IMF Chief Information Officer Shirin Hamid warned that deepfake fraud, unreliable AI-generated information and automated cyberattacks could threaten public confidence. Her message raises a bigger policy question: can Sri Lanka modernise banking without losing the trust on which its financial system depends?