First City Monument Bank (FCMB) has reiterated its commitment to adopting artificial intelligence (AI) in a responsible and ethical manner, as the financial sector increasingly embraces digital transformation.
Speaking at the BusinessDay Fintech Summit 2026 in Lagos, the bank said its approach to AI is “deliberate and responsible,” focusing on balancing innovation with trust, privacy, and regulatory compliance.
According to FCMB’s Chief Technology Officer, Blessing Ehize, AI is already transforming banking operations—improving areas such as risk assessment, fraud detection, and personalised customer experience.
However, the bank stressed that while AI offers major advantages, it must be deployed carefully. FCMB noted that its systems are designed to ensure customer data protection, ethical standards, and human oversight, rather than unchecked automation.
The bank also highlighted that it aligns its AI strategy with global best practices, building systems that are secure, scalable, and inclusive, while expanding access to financial services across Africa.
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