About us
Brazil at a Glance
Publications
AI used by 92% of Brazil’s capital markets institutions
Published September 14, 2026
To share
New maturity index scores the industry at 2.7 out of 5, signaling an intermediate stage of development
Nine out of ten institutions in Brazil’s capital markets use some form of artificial intelligence in their operations. That is one of the findings of our new survey, Artificial Intelligence in Capital Markets: A Snapshot, available in Portuguese and conducted in partnership with Datafolha and MatchIT.
To understand how companies are incorporating the technology into their operations, the survey heard from 177 institutions, including Anbima members and institutions that adhere to our self-regulatory codes. The findings show that AI is already being used in areas such as data analysis, process automation, productivity, risk management, and decision-making support.
Based on this snapshot of the industry, we also developed the first AI Maturity Index for Brazil’s capital markets. The index places the industry at an intermediate stage of development, with an average score of 2.7 on a scale of 1 to 5, corresponding to the stabilization phase. “The index shows a market in transition from experimentation to scale. AI is already part of institutions’ daily operations, but there is still room to make progress in consolidating processes, strengthening governance, and creating value in a structured and sustainable way,” said Marcelo Billi, Anbima’s head of Innovation, Sustainability and Education.
A market gaining momentum
For 59% of companies, AI has become significantly more relevant over the past 12 months, and 63% believe its importance will continue to grow over the next year. None of the participating institutions expects the technology to become less relevant over the period assessed.
The benefits already being seen help explain this momentum. Among companies that use AI, 80% report increased productivity, 75% highlight task automation, and 57% say the technology supports decision-making and helps reduce risks or errors. The most widespread applications involve data science (72%) and generative AI models (67%), followed by machine learning (48%) and natural language processing (36%).
Adoption does not mean maturity
The survey shows that the market is still building the foundations needed to scale AI use. While 48% of companies say they use AI in key areas and are seeing efficiency gains, only 11% have integrated the technology into critical business processes, and just 3% report a clear competitive advantage from its use. The findings suggest that the challenge now is to turn AI into a strategic capability embedded in the business.
Governance and measurement are central to this transition. Fewer than one-third of institutions say they have data governance structures that can be classified as structured or advanced, while only 12% place themselves at an advanced stage in terms of responsible-use policies. When it comes to tracking results, 43% of companies that use AI assess its impact only subjectively, without structured metrics, while just 3% have corporate indicators integrated into their organizational strategy.
Where progress is still needed
The findings show that the market outlook is positive. Among participating companies, 93% believe AI will increase the efficiency of internal processes, 90% see the potential to create competitive advantages, and 73% identify opportunities to develop new products, services, and business models.
For this potential to be realized, however, the industry still needs to address important challenges. Among institutions that use AI, 61% report obstacles to expanding its use safely and in a structured way.
The need for new controls and audits is the main concern, followed by a lack of skills and training, implementation costs, security and privacy issues, a shortage of specialists, and the absence of structured internal policies and procedures.
The next step is to put in place the conditions needed to expand AI use with appropriate safeguards, strong governance, consistent measurement, and integration with organizations’ strategies.
About the survey
The survey is part of the initiatives developed by the Anbima Innovation Network and is included in Anbima in Action 2026. It heard from 177 institutions in the Anbima ecosystem between January 21 and April 6, 2026, with a 95% confidence level. Seven out of ten respondents hold leadership positions, including C-level, director, and superintendent roles.
Read the full report here, available in Portuguese
AI used by 92% of Brazil’s capital markets institutions
Published September 14, 2026
To share
New maturity index scores the industry at 2.7 out of 5, signaling an intermediate stage of development
Nine out of ten institutions in Brazil’s capital markets use some form of artificial intelligence in their operations. That is one of the findings of our new survey, Artificial Intelligence in Capital Markets: A Snapshot, available in Portuguese and conducted in partnership with Datafolha and MatchIT.
To understand how companies are incorporating the technology into their operations, the survey heard from 177 institutions, including Anbima members and institutions that adhere to our self-regulatory codes. The findings show that AI is already being used in areas such as data analysis, process automation, productivity, risk management, and decision-making support.
Based on this snapshot of the industry, we also developed the first AI Maturity Index for Brazil’s capital markets. The index places the industry at an intermediate stage of development, with an average score of 2.7 on a scale of 1 to 5, corresponding to the stabilization phase. “The index shows a market in transition from experimentation to scale. AI is already part of institutions’ daily operations, but there is still room to make progress in consolidating processes, strengthening governance, and creating value in a structured and sustainable way,” said Marcelo Billi, Anbima’s head of Innovation, Sustainability and Education.
A market gaining momentum
For 59% of companies, AI has become significantly more relevant over the past 12 months, and 63% believe its importance will continue to grow over the next year. None of the participating institutions expects the technology to become less relevant over the period assessed.
The benefits already being seen help explain this momentum. Among companies that use AI, 80% report increased productivity, 75% highlight task automation, and 57% say the technology supports decision-making and helps reduce risks or errors. The most widespread applications involve data science (72%) and generative AI models (67%), followed by machine learning (48%) and natural language processing (36%).
Adoption does not mean maturity
The survey shows that the market is still building the foundations needed to scale AI use. While 48% of companies say they use AI in key areas and are seeing efficiency gains, only 11% have integrated the technology into critical business processes, and just 3% report a clear competitive advantage from its use. The findings suggest that the challenge now is to turn AI into a strategic capability embedded in the business.
Governance and measurement are central to this transition. Fewer than one-third of institutions say they have data governance structures that can be classified as structured or advanced, while only 12% place themselves at an advanced stage in terms of responsible-use policies. When it comes to tracking results, 43% of companies that use AI assess its impact only subjectively, without structured metrics, while just 3% have corporate indicators integrated into their organizational strategy.
Where progress is still needed
The findings show that the market outlook is positive. Among participating companies, 93% believe AI will increase the efficiency of internal processes, 90% see the potential to create competitive advantages, and 73% identify opportunities to develop new products, services, and business models.
For this potential to be realized, however, the industry still needs to address important challenges. Among institutions that use AI, 61% report obstacles to expanding its use safely and in a structured way.
The need for new controls and audits is the main concern, followed by a lack of skills and training, implementation costs, security and privacy issues, a shortage of specialists, and the absence of structured internal policies and procedures.
The next step is to put in place the conditions needed to expand AI use with appropriate safeguards, strong governance, consistent measurement, and integration with organizations’ strategies.
About the survey
The survey is part of the initiatives developed by the Anbima Innovation Network and is included in Anbima in Action 2026. It heard from 177 institutions in the Anbima ecosystem between January 21 and April 6, 2026, with a 95% confidence level. Seven out of ten respondents hold leadership positions, including C-level, director, and superintendent roles.
Read the full report here, available in Portuguese
AI used by 92% of Brazil’s capital markets institutions
Published September 14, 2026
To share
New maturity index scores the industry at 2.7 out of 5, signaling an intermediate stage of development
Nine out of ten institutions in Brazil’s capital markets use some form of artificial intelligence in their operations. That is one of the findings of our new survey, Artificial Intelligence in Capital Markets: A Snapshot, available in Portuguese and conducted in partnership with Datafolha and MatchIT.
To understand how companies are incorporating the technology into their operations, the survey heard from 177 institutions, including Anbima members and institutions that adhere to our self-regulatory codes. The findings show that AI is already being used in areas such as data analysis, process automation, productivity, risk management, and decision-making support.
Based on this snapshot of the industry, we also developed the first AI Maturity Index for Brazil’s capital markets. The index places the industry at an intermediate stage of development, with an average score of 2.7 on a scale of 1 to 5, corresponding to the stabilization phase. “The index shows a market in transition from experimentation to scale. AI is already part of institutions’ daily operations, but there is still room to make progress in consolidating processes, strengthening governance, and creating value in a structured and sustainable way,” said Marcelo Billi, Anbima’s head of Innovation, Sustainability and Education.
A market gaining momentum
For 59% of companies, AI has become significantly more relevant over the past 12 months, and 63% believe its importance will continue to grow over the next year. None of the participating institutions expects the technology to become less relevant over the period assessed.
The benefits already being seen help explain this momentum. Among companies that use AI, 80% report increased productivity, 75% highlight task automation, and 57% say the technology supports decision-making and helps reduce risks or errors. The most widespread applications involve data science (72%) and generative AI models (67%), followed by machine learning (48%) and natural language processing (36%).
Adoption does not mean maturity
The survey shows that the market is still building the foundations needed to scale AI use. While 48% of companies say they use AI in key areas and are seeing efficiency gains, only 11% have integrated the technology into critical business processes, and just 3% report a clear competitive advantage from its use. The findings suggest that the challenge now is to turn AI into a strategic capability embedded in the business.
Governance and measurement are central to this transition. Fewer than one-third of institutions say they have data governance structures that can be classified as structured or advanced, while only 12% place themselves at an advanced stage in terms of responsible-use policies. When it comes to tracking results, 43% of companies that use AI assess its impact only subjectively, without structured metrics, while just 3% have corporate indicators integrated into their organizational strategy.
Where progress is still needed
The findings show that the market outlook is positive. Among participating companies, 93% believe AI will increase the efficiency of internal processes, 90% see the potential to create competitive advantages, and 73% identify opportunities to develop new products, services, and business models.
For this potential to be realized, however, the industry still needs to address important challenges. Among institutions that use AI, 61% report obstacles to expanding its use safely and in a structured way.
The need for new controls and audits is the main concern, followed by a lack of skills and training, implementation costs, security and privacy issues, a shortage of specialists, and the absence of structured internal policies and procedures.
The next step is to put in place the conditions needed to expand AI use with appropriate safeguards, strong governance, consistent measurement, and integration with organizations’ strategies.
About the survey
The survey is part of the initiatives developed by the Anbima Innovation Network and is included in Anbima in Action 2026. It heard from 177 institutions in the Anbima ecosystem between January 21 and April 6, 2026, with a 95% confidence level. Seven out of ten respondents hold leadership positions, including C-level, director, and superintendent roles.
Read the full report here, available in Portuguese
Get exclusive updates by email
Receive news, tips, events, and much more directly to your inbox.
Get exclusive updates by email
Receive news, tips, events, and much more directly to your inbox.