Brazilian banks plan to invest 3 billion reais in artificial intelligence and data analysis in 2026, an 8% increase over the same period last year, according to the Febraban Tech Banking Survey 2026 released on Tuesday, August 25, as reported by Reuters and published by InfoMoney.

The figure is part of a total of 50 billion reais in technology investment planned by the banking sector for the year, a number already disclosed in the first part of the survey, published in June. The updated data were presented at Febraban Tech, a technology and innovation event held by the Brazilian Federation of Banks (Febraban), the industry group representing the country's financial institutions.

The survey also shows that spending on migrating systems and data to the cloud is expected to reach 3.9 billion reais in 2026, up 30% year over year, a faster growth pace than the one projected for artificial intelligence.

Benefits banks already report

According to the survey, conducted by consulting firm Deloitte, financial institutions already identify concrete benefits from adopting AI. Of the banks surveyed, 92% cited faster execution of routine tasks as the main value they perceive from the technology. Another 52% pointed to shorter response times for customers, cost reduction and greater efficiency in data analysis, while 48% reported gains in fraud detection and prevention.

Deloitte's financial services partner, Sérgio Biagin, said in a statement on the study that the investments promote operational efficiency gains and strengthen institutions' resilience, laying the groundwork for new forms of customer relationships, personalization and value generation. He added that the current challenge is not just adopting new technologies but integrating them into business strategy to accelerate value capture, expand innovation capacity and enable new sustainable growth models.