The fact that non-bank financial institutions (want to use) some of this data (or already are using it) is not a reason to allow it. It’s a reason to stay as far away from said organizations as possible. AI is not ready for this. Our privacy laws are not ready for this. The consistent messaging from reputable, sober researchers working in the field is that we’re nowhere near ready to turn such vital considerations over to a black box. The authors who wrote this paper may be absolute wizards of banking, but their optimism about the near-term state of AI networks is (at best) misplaced.