Goldman Sachs is restricting AI coding tools largely to engineers and quantitative specialists after encouraging bankers and traders to build their own applications, citing productivity and risk management.
MUFG built an in-house alternative to Claude Code, BNY runs more than 400 AI-enabled solutions through its governed Eliza platform, and Deutsche Bank gives more than 15,000 developers coding assistants while holding them responsible for the code they commit.
PYMNTS Intelligence found that 43% of surveyed CFOs at firms using or piloting AI agents would grant agents moderate system access with human approval, while none would allow full access.
Goldman Sachs has restricted Anthropic’s Claude Code and Microsoft’s GitHub coding tools largely to engineers and quantitative specialists, PYMNTS reported Monday (Nov. 2), citing Bloomberg. The change reverses a rollout that let employees outside technology build applications for their own work.
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The restrictions follow an internal review of productivity and risk management, Goldman spokesperson Nick Carcaterra told Bloomberg. They mark a retreat from the “vibe coding“ approach Chief Information Officer Marco Argenti promoted in July, when he described employees building prototypes with AI that the bank’s roughly 12,000 engineers would then refine.
That model promised to close the gap between spotting a business problem and shipping a fix. The ban frustrated some traders who had used the tools to watch client flows, model positions and produce written and graphic material, a person familiar with the matter told Bloomberg.
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