“Two revenue ‘engines’ —credit cards and deposits—are especially exposed. Both rely heavily on customer inertia and brand familiarity. But AI agents won’t care about brand loyalty. They will optimize for outcomes. When logic, not habit, drives product selection, the rules will change… A simple voice request—‘Hey SaveBot, please maintain my checking-account balance at $1,000 and…
Tag: open banking
Ai Weekly – June 1
From Stablecoins to AI Banking: Circle Co-Founder’s Next Billion-Dollar Bet on Agentic Finance “That is the road Sean Neville, co-founder of Circle and a principal architect of the USDC stablecoin, has set out to travel again with Catena Labs, a Boston-based startupthat emerged from stealth May 20 with $18 million in seed funding led by a16z crypto. Catena’s goal is to build what Neville…
Sopra Steria & SBS: 75% of Banks not Ready for Open Banking
How Open Banking And AI Can Help Transform Financial Planning
“Open banking—the technology that enables people to securely share their data with third parties—is putting more people and businesses in control. It’s allowing them to consent to securely share their dynamic data to activate innovative experiences, including seamlessly receiving a loan, opening a new account online using identity verification or getting access to more flexible…
How AI can advance open banking
“Compared to 17 million people who use Buy Now Pay Later (BNPL) services in the UK, Open Banking remains relatively low, as stated by the seven million figure previously mentioned. With that said, it has been increasing, and may rise from 15% of the public to 44% by 2027 if this trajectory continues.” https://bdtechtalks.com/2023/08/10/ai-open-banking/amp/