Brian Sims
Editor

Two-thirds of finance sector chiefs fear ‘DIY AI’ security risks

FINANCE SECTOR leaders are increasingly worried about the security risks associated with building Artificial Intelligence (AI) agents from scratch, with 67% saying ‘DIY AI’ could increase risk. That’s according to a major new survey conducted by research house FT Longitude in partnership with invoice tech firm Basware.

Despite the security fears, six-in-ten (61%) finance leaders said they had already rolled out custom-developed AI agents “largely as an experiment” in order to appease demands from their boss. This is despite one-in-four of those leaders stating that they have no idea what an AI agent actually does.

The global study, entitled AI to RoI: Unlocking Value with AI Agents, surveyed 200 CFOs globally, also revealing that 43% of those CFOs feel AI would eventually cost them their job.

Commenting on the research, Jason Kurtz (CEO at Basware) has noted that businesses had “reached a tipping point” around AI experimentation and that the demand for tangible results was now a top priority.

Return on Investment

The report also finds that overall AI Return on Investment (RoI) rose from 35% to 67% in the last year. Survey data also highlights the fact that agentic AI – and companies using third party solutions already embedded with AI agents – outperformed all categories with an average RoI of 80%.

Four-in-ten leaders also said they’re facing “pressure” from their superiors to “do something with AI”.

Two-thirds (ie 66%) of respondents to the Basware survey suggest there’s more hype around agentic AI than any previous technology shift, yet three-quarters are still figuring out the best way in which it might be leveraged. The C-Suite appears to be losing patience.

72% of respondents to the Basware survey view Accounts Payable – often the most manual and data-heavy element of the finance function – as being the most obvious starting point for agentic AI.

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