I work for a major US bank. We use AI for a lot of stuff, but not for determining if someone should be allowed to open an account.

Banking is a heavily regulated industry and there are federal “know your customer” rules that we abide by. They exist for a variety of reasons which mostly all boil down to anti-money laundering.

The ones that support HomeKit do record to the cloud, but it’s at least encrypted. There’s failure points, so it’s not a fool-proof system, but it’s considerably better system than most cloud camera systems that will joyfully hand over your videos to the police without a warrant or store it in some S3 bucket that doesn’t even have user level access controls.