Banks face regulatory barriers to rapid AI reform, says SocGen chief
- Posted on September 21, 2026
- By Financial Times
- 4 Views
- 1 min read
In brief
Regulatory obstacles are slowing artificial intelligence adoption across the banking sector, according to SocGen's leadership. The French financial institution is pursuing an ambitious strategy to distribute €21 billion to shareholders by 2029, supported by enhanced profitability margins and comprehensive cost reduction initiatives. This reflects the industry's challenge of balancing innovation pressures with compliance requirements while maintaining investor returns in an increasingly competitive environment.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Banks face regulatory barriers to rapid AI reform, says SocGen chief
French lender aims to return €21bn to investors by 2029 amid higher profitability and cost-cutting targets
