Fintech analyst warns banks need a Plan B for AI sovereignty kill-switch risk
mikeflache · x · 2026-11-05
Rich Turrin argues fintech ignores AI sovereignty risk: every frontier model carries a national flag and can be switched off overnight.
- China blocks ChatGPT, Claude and Gemini; Apple had to partner with Alibaba's Qwen for Apple Intelligence in China
- The US banned DeepSeek from federal agencies this month, including third-party products built on it
- Italy banned ChatGPT nationwide in 2023; Sweden blocked ChatGPT and Claude on government computers over data-security concerns
- Fable 5 went dark globally within hours with zero warning and no contractual recourse
His answer is a "Minimum Viable Bank": fallback AI options per capability, since 90-day contractual notice clauses won't save you from a kill switch.
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