95% of APAC leaders claim they can explain their AI decisions, only half actually can
rvp · x · 2026-09-28
A Sumsub and Singapore FinTech Association survey of 720 senior leaders across nine APAC markets found:
- 95% claim they can explain how their AI made a decision, but only about half can actually show the decision pathway;
- just 38% keep a tamper-proof audit trail;
- 63% have already had an autonomous AI action produce an unintended outcome.
The author's point: imagine explaining a denied loan to a regulator with "the model said no." Confidence isn't competence, and the industry should stop conflating the two.
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