Operators “should not upload confidential information related to the country and the finance industry” to the query-answering service and similar tools, the Payment and Clearing Association of China said in a statement. It cited “risks such as cross-border data leaks.” (Reuters)

Talking point: China’s banking laws require financial institutions to keep and process customer data in-country. San Francisco-based OpenAI’s ChatGPT isn’t technically available in China, but VPNs exist. Fintech firms in other parts of the world are already testing out the technology, albeit not yet in ways that directly touch transaction data. For example, developers looking to integrate the payment-processing and other services of South San Francisco-based Stripe can now seek ChatGPT’s guidance. The Bank of China-overseen association isn’t the only one wary of the bots. Last week, Canada’s privacy commissioner announced it’s investigating OpenAI.