The Riksbank has issued a fresh warning that the rapid integration of artificial intelligence into financial services carries significant risks for the stability of the banking system.
Riksbank Governor Erik Thedéen stated that AI "presents risks," highlighting concerns that the technology could be exploited by cybercriminals to steal sensitive information and funds.
The Swedish central bank’s intervention aligns with a growing chorus of caution from global regulators.
The Bank of England recently warned that the swift adoption of AI poses a mounting threat to financial stability, citing a dangerous gap between investor enthusiasm and operational readiness.
Similarly, the European Systemic Risk Board (ESRB) has flagged the potential for AI-driven vulnerabilities to spread across borders.
In Sweden, the warnings follow alerts from the Swedish Federation of Enterprise (IVA) and the Security Service (Säpo), both of which have raised alarms about the escalating threat of AI-powered cyberattacks.