# First Citizens BancShares: AI strategy and technology vision

Source: https://www.bankingnewsai.com/banks/first-citizens/ai-strategy
Last updated: Oct 16, 2026

*Part of the [First Citizens BancShares AI strategy profile](https://www.bankingnewsai.com/banks/first-citizens).*

## What is First Citizens' AI strategy?

First Citizens says its AI program is 'being built conservatively': its July 2026 Frontier AI Fact Sheet lists operational efficiency, cybersecurity, analytics, productivity and client service as the uses, with a human in the loop, enterprise-wide scaling and a posture 'risk adjusted for our position as a top 20 U.S. bank'. In September 2026 Chief Data and Analytics Officer Scott Richardson called AI 'one of the corporate priority initiatives', said the bank first set up a framework for responsible AI adoption and governance, and named the first tools: AskFirst, a knowledge agent for branch bankers, an enterprise Microsoft Copilot rollout and an AI Academy. The in-house AI team includes Ash Kaduskar, Head of AI and Advanced Analytics. The strategy sits inside a technology agenda set by integration and scale: CEO Frank Holding's March 2026 letter says the bank has 'shifted focus to simplifying and modernizing our technology platforms', and a board Technology Committee created in April 2025 now oversees technology strategy and emerging technology. The bank has disclosed no AI budget, no model vendor beyond Microsoft and no measured results; it says it tracks anticipated and actual benefits for every use case. ([First Citizens Bank](https://newsroom.firstcitizens.com/image/First-Citizens-Bank-Frontier-AI-Fact-Sheet.pdf), [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank), [First Citizens BancShares (SEC filing)](https://sec.gov/Archives/edgar/data/798941/000119312526119792/d947692dars.pdf), [First Citizens BancShares (SEC filing)](https://www.sec.gov/Archives/edgar/data/798941/000119312526119777/d715987ddef14a.htm))

## What has First Citizens said about AI and technology, and when?

In date order, from filings, the bank's own publications and the press. Only what the cited page says.

| Date | Item | What it says | Who | Sources |
| --- | --- | --- | --- | --- |
| February 23, 2024 | 2023 Form 10-K | AI appears only as regulation (the October 2023 executive order directing agencies including the CFPB to address AI discrimination) and as a cyber-risk driver: 'the proliferation of new technologies, including generative AI' | First Citizens BancShares | [First Citizens BancShares (SEC filing)](https://www.sec.gov/Archives/edgar/data/798941/000079894124000018/fcnca-20231231.htm) |
| January 24, 2025 | Q4 2024 results coverage | Preparing to become a Category III bank (more than $250 billion of assets), the company is 'investing in technology and risk improvements' | American Banker | [American Banker](https://www.americanbanker.com/news/first-citizens-reels-in-profits-as-loans-and-deposits-grow) |
| February 21, 2025 | 2024 Form 10-K | A standalone 'Artificial Intelligence' heading under regulatory considerations: the AVM quality-control rule, the Treasury's March 2024 AI cyber report, DOJ compliance guidance, state AI rules | First Citizens BancShares | [First Citizens BancShares (SEC filing)](https://www.sec.gov/Archives/edgar/data/798941/000079894125000010/fcnca-20241231.htm) |
| April 2025 | Board Technology Committee created | New joint committee of the boards overseeing technology strategy, investments, innovation, 'emerging technology trends', data and cybersecurity; chaired by Dr. Eugene Flood, Jr. | Boards of First Citizens BancShares and FCB | [First Citizens BancShares (SEC filing)](https://www.sec.gov/Archives/edgar/data/798941/000119312526119777/d715987ddef14a.htm) |
| October 23, 2025 | Q3 2025 earnings call | Data-centre lending has had 'a very good ride', much of it driven by AI computing demand; mega-rounds to the largest AI and LLM companies 'really hasn't been a factor' for SVB | Executives on the call | [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-first-citizens-bancshares-q3-2025-beats-eps-forecast-93CH-4305290) |
| November 28, 2025 | Market expansion | Technology inherited with SVB lets the bank grow faster in markets such as Boston; smaller markets are served 'more digital, leveraged from the center' | Ron Sanchez, regional executive | [American Banker](https://www.americanbanker.com/news/why-boston-is-the-next-battleground-for-first-citizens) |
| February 24, 2026 | 2025 Form 10-K | First standalone AI risk factor: third-party model risk, generative AI errors, bias, data leakage, explainability | First Citizens BancShares | [First Citizens BancShares (SEC filing)](https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm) |
| March 23, 2026 | Shareholder letter | SVB integration largely complete; focus 'shifted' to simplifying and modernizing technology platforms; investments in systems for frontline bankers and in digital channels; no mention of AI | Frank Holding Jr., Chairman and CEO | [First Citizens BancShares (SEC filing)](https://sec.gov/Archives/edgar/data/798941/000119312526119792/d947692dars.pdf) |
| July 3, 2026 | Frontier AI Fact Sheet | Program 'built conservatively': stability and resilience, human in the loop, enterprise-wide scaling, closed-loop enterprise AI platforms that keep client data out of public LLM training | First Citizens Bank | [First Citizens Bank](https://newsroom.firstcitizens.com/image/First-Citizens-Bank-Frontier-AI-Fact-Sheet.pdf) |
| July 23, 2026 | Q2 2026 earnings call | Higher technology spend tied to data-centre modernisation and client-facing capabilities; no AI discussion | CFO Craig Nix | [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-first-citizens-posts-strong-q2-2026-profit-beat-93CH-4809271) |
| September 3, 2026 | AI Q&A | AI is a corporate priority initiative and 'a new way of working'; AskFirst, Microsoft Copilot rollout and AI Academy named | Scott Richardson, Chief Data and Analytics Officer | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |

## Where does First Citizens say it uses AI?

As the bank describes it. Status words are the bank's; no volumes, adoption or savings figures have been published.

| Area | What the bank describes | Status | Source date | Sources |
| --- | --- | --- | --- | --- |
| AskFirst | FCB-specific natural-language knowledge agent that helps branch bankers find answers quickly; AI 'in the background', bankers 'front and center' | In use | September 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |
| Microsoft Copilot | Enterprise rollout for associate productivity | Rolling out | September 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |
| AI Academy | Persona-based AI learning to accelerate AI fluency | In place | September 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |
| Platform building blocks | Marketing and sales optimization; fraud and financial-crimes detection; regulatory reporting and compliance automation; operational risk and cyber threat intelligence; call-center and front-line assistance; personal productivity | In development across the business | September 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |
| Cybersecurity | Layered detect, respond and prevent model with 24/7 monitoring, aligned to FFIEC guidance and NIST frameworks | In production | July 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/image/First-Citizens-Bank-Frontier-AI-Fact-Sheet.pdf) |
| Benefit tracking | Anticipated and actual benefits tracked for all AI use cases, in revenue, cost, speed and service delivery, and risk mitigation | Practice | September 2026 | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |

## What has First Citizens not disclosed about its AI strategy?

No AI budget, headcount or return figure. The 2025 shareholder letter attributes expense growth to personnel, technology and Direct Bank marketing and describes investment in systems for frontline bankers and digital channels, but does not mention AI or give a technology total. ([First Citizens BancShares (SEC filing)](https://sec.gov/Archives/edgar/data/798941/000119312526119792/d947692dars.pdf))

No CEO statement on AI. Frank Holding's letter frames technology as simplification and modernisation after the SVB integration, and the July 2026 earnings call discussed technology spend without AI; the AI program has been explained by the chief data and analytics officer and in the fact sheet rather than by the CEO. ([First Citizens BancShares (SEC filing)](https://sec.gov/Archives/edgar/data/798941/000119312526119792/d947692dars.pdf), [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-first-citizens-posts-strong-q2-2026-profit-beat-93CH-4809271), [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank))

No named model or cloud-AI provider other than Microsoft. The fact sheet says enterprise AI platforms are configured so client data is not used for public LLM training but does not name the platforms; the Q&A names Microsoft Copilot only. ([First Citizens Bank](https://newsroom.firstcitizens.com/image/First-Citizens-Bank-Frontier-AI-Fact-Sheet.pdf), [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank))

## What does the First Citizens profile record on this topic?

| Date | Move | Detail | Sources |
| --- | --- | --- | --- |
| Sep 3, 2026 | Chief Data and Analytics Officer on Copilot and AskFirst | Scott Richardson details an enterprise Microsoft Copilot rollout, an AI Academy for persona-based learning, and AskFirst, a natural-language knowledge agent for branch bankers, alongside fraud, compliance and cyber-threat use cases. | [First Citizens Bank](https://newsroom.firstcitizens.com/2026-09-03-A-Q-A-With-Scott-Richardson-AI-at-First-Citizens-Bank) |
| Jul 23, 2026 | Q2 2026 call: technology spend described without reference to AI | CFO remarks tie higher third-party processing and equipment expense to data-centre modernisation and client-facing capabilities; the call transcript contains no AI discussion. | [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-first-citizens-posts-strong-q2-2026-profit-beat-93CH-4809271) |
| Jul 3, 2026 | Frontier AI Fact Sheet published | A conservative, human-in-the-loop AI program scaled enterprise-wide. | [First Citizens Bank](https://newsroom.firstcitizens.com/image/First-Citizens-Bank-Frontier-AI-Fact-Sheet.pdf) |
| Mar 23, 2026 | Shareholder letter: technology platforms to be simplified and modernised | Frank Holding's letter in the 2025 annual report says SVB integration work is largely complete and focus has shifted to simplifying and modernizing technology platforms; it does not mention AI. | [First Citizens BancShares (SEC filing)](https://sec.gov/Archives/edgar/data/798941/000119312526119792/d947692dars.pdf) |
| Oct 23, 2025 | Q3 2025 call: AI in fraud detection and AI-driven infrastructure lending | Management said it has invested in talent and technology, including AI and algorithms, for fraud detection; SVB benefits from AI spreading into its client sectors and from financing AI-driven data-centre growth, not from mega-rounds for the largest AI labs. | [GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/first-citizens-bancshares-inc-fcnca-190745660.html) |

## Common questions

### How would you describe First Citizens' approach to AI?

Cautious and governance-first, by its own account. The July 2026 Frontier AI Fact Sheet says the program is 'being built conservatively', prioritises a human in the loop and is 'risk adjusted' for a top-20 US bank. The September 2026 Q&A with Scott Richardson says a responsible-AI framework came first, and the stated operating principles are internal-facing use cases, humans in the loop and masking sensitive data.

### Who runs AI at First Citizens?

Scott Richardson, Chief Data and Analytics Officer since 2024 (previously at Ally Financial, Fannie Mae and Capital One), fronts the program publicly. The in-house AI team, which includes Ash Kaduskar, Head of AI and Advanced Analytics, builds platform building blocks across the business. At board level the Technology Committee, created in April 2025 and chaired by Dr. Eugene Flood, Jr., oversees technology strategy and emerging technology.

### What AI tools has First Citizens deployed?

Three are named publicly as of September 2026: AskFirst, an in-house natural-language knowledge agent for branch bankers; an enterprise rollout of Microsoft Copilot for associate productivity; and an AI Academy that teaches AI skills by persona. The bank says numerous other internal use cases are in the pipeline but has not named them or published usage or savings figures.

### Has First Citizens' CEO talked about AI?

Not on the public record we found. Frank Holding Jr.'s March 2026 shareholder letter says the bank has shifted focus to simplifying and modernizing its technology platforms after the SVB integration, without mentioning AI, and the July 2026 earnings call discussed technology spending without AI. The AI program has been explained by Scott Richardson and in the bank's fact sheet.

### How does the $250 billion threshold relate to First Citizens' technology plans?

American Banker reported in January 2025 that First Citizens was preparing to become a Category III bank, with more than $250 billion of assets, by investing in technology and risk improvements. The bank's board added a Technology Committee in April 2025 to oversee technology strategy, investments and risk, and the 2025 10-K added a dedicated AI risk factor.
## Deeper on First Citizens

- [What AI research, patents and partnerships does First Citizens have?](https://www.bankingnewsai.com/banks/first-citizens/ai-research-patents-partnerships)
- [How does First Citizens govern AI and manage its risks?](https://www.bankingnewsai.com/banks/first-citizens/responsible-ai)
- [How does First Citizens bank and lend to the AI economy?](https://www.bankingnewsai.com/banks/first-citizens/innovation-banking-ai)


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