JPMorgan Chase has barred its Hong Kong staff from accessing Anthropic’s AI models, according to sources cited by the Financial Times. The move follows a similar restriction imposed by rival Goldman Sachs. Both banks are tightening controls on external AI tools in the Asian financial hub.
The decision highlights growing caution among global banks regarding the use of third-party AI services. Regulatory scrutiny and data privacy concerns in Hong Kong are driving these restrictions. Banks are increasingly wary of how sensitive client information might be handled by external AI platforms.
JPMorgan’s ban specifically targets Anthropic’s Claude models. The Financial Times reported the shift as an internal compliance measure. No specific incident or breach was cited as the trigger for the policy change.
The restriction could slow the adoption of advanced AI tools in Hong Kong's financial sector. Other banks may follow suit as they assess similar risks. This trend may also affect AI vendors' strategies in regulated markets.
Goldman Sachs enacted a comparable ban earlier, though details on its timing and scope remain scarce. The moves suggest a cautious approach to AI integration in finance.