Why AI Won’t Replace Banking Software Yet - Chris Walters (CEO, Finastra)

Can an AI agent release a $10 million payment?

In this episode of WRAP UP, I sit down with Chris Walters, CEO of Finastra, to discuss where AI is creating real value for banks and where the industry needs to slow down.

Chris explains why high-stakes payment decisions still need human oversight, how Finastra’s Global PAYplus platform directs around $7 trillion in payments each day, and why deterministic banking systems will remain essential even as AI becomes more capable.

We also discuss Finastra’s decision to narrow its focus to lending and payments, AI-powered payment investigations and repairs, the future of stablecoins in corporate payments, open-weight versus frontier AI models, and why banks should prepare now for tighter AI regulation.

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