Natwest
NWG15.8300.64% ( +0.100 )
Closed: Nov 13, 16:00:00 (EDT)News
Banks ban AI from accounts over fears of rogue agents
The telegraph·- Major British and North American banks have blocked AI agents from accessing customer accounts due to fears that autonomous financial bots could go rogue and mismanage funds. - Lenders are also concerned about liability issues, potential threats to profitability from automated deposit shifts, and the risk of machine-speed bank runs. - While regulators work on governing frameworks, banks are preemptively enforcing these restrictions to ensure system security before new technologies are fully understood.NatWest Group falls nearly 4%
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