“What banks should prepare for? Near term: keep investing in detection of automated attacks, compromised access, social engineering and anomalous transaction behavior. Those pressures are already here. In parallel, start assembling the context needed for authorized participation as it becomes more common: agent identity, delegated authority, consent, access scope and the interface through which access…
Tag: Generative AI
HCLTech: From AI Pilots in Finance to Autonomous Banking
“The leaders are making the unglamorous technology choices early. They are fixing data estates and core platforms so every AI investment lands on a better foundation and putting AI platforms, engineering harnesses and guardrails in place so the second, third and tenth use case ships faster than the first. They are also wiring AI into…
When AI Agents Act for Customers, Banks Must Rethink Trust
“The emerging ecosystem will not be controlled by a single participant. AI agents, payment networks, banks, merchants, wallets, and technology platforms will each control different parts of the transaction. A trusted system depends on those participants being able to exchange the information necessary to manage risk while preserving room for competition and differentiation.” Read more…
Impact of AI Assistants on Margin
“Toms said AI has the potential to ‘structurally compress deposit margins’ in the longer term due to increased competition. ‘The industry would likely respond by widening lending spreads,’ he said, which would put up the cost of credit for borrowers. It is because of these concerns that banking stocks have underperformed since the launch of…
Introducing dots, always-on agents built to handle everything. (OpenAI)
“Dots are frontier intelligence that have your back. Powered by GPT‑6 Astra, they have their own cloud computer, learn from feedback over time, and can work towards your goals 24/7. Through our ecosystem of plugins, they can readily connect to over 4,000 apps, giving them the tools to help wherever you need them.” Watch Video…