21 TCS AI for Business Study – Banking, Financial Services & Insurance Report A regulatory partnership between industry and government A majority of BFSI executives think regulations should be jointly established between industry voices and government agencies. Close to half also think academic expertise deserves a seat at the table given how complex this technology already is and how quickly it is evolving. Q. Which organizations should be involved in establishing regulations about AI? NGOs 28% Academia 48% Industry 53% Government 55% 63% P A C E S E T T E R S 53% P A C E S E T T E R S