Artificial intelligence could lead to job losses and the violation of human rights and privacy. This paper aimed at the ethical interrogation into the workings, recognition, sensibilities and consciousness of artificial intelligence (AI) in banking industry. The significance and application of artificial intelligence has elicited some impacts. Artificial intelligence has a myriad of impacts and these impacts are both positive and negative. These impacts are mainly on man, society, human rights, ecological/environmental sustainability, trust, financial industry and democracy. The objective of this thesis is to explore the interrelatedness between ethics, artificial intelligence and the banking industry. This theoretical discourse examined the ethical implications of artificial intelligence on the banking industry. The banking industry is one of the most pivotal and fundamental sectors of any nation. In other words, the banking industry plays a critical role in countries. Artificial intelligence has political, ethical, social, economic, anthropological and humanist contexts. This paper adopts the method of analysis to examine the ethical, economic, political, and historical and the humanist contexts of artificial intelligence to the banking industry. Artificial intelligence refers to the theory, development and deployment of intelligent machines such as the computers and it enables human beings to perform their tasks optimally and maximally. Artificial intelligence is a clear indication of the displacement of human labour and convenience of human betterment. The philosophy of artificial intelligence presupposes series of debates. The philosophy of artificial intelligence has contemporary significance and value laden. This paper, therefore, concludes that Artificial Intelligence ethics is aimed at ensuring efficiency, robustness and accuracy in banking industry.