Agentic AI race by British banks raises new risks for regulator

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A race among banks to adopt agentic AI, which can make decisions and take autonomous action, runs new risks for retail customers, said Britain’s financial watchdog, which is pledging to ensure their interests are not sidelined.

AI ‘agents’ could revolutionise how people budget, save and invest, for example by moving idle cash into higher-yield accounts or adjusting portfolios in response to market swings.

Unlike generative AI, which produces text, code or images based on human prompts, agentic AI is touted as the next big opportunity for companies…



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Agentic AI race by British banks raises new risks for regulator



A race among banks to adopt agentic AI, which can make decisions and take autonomous action, runs new risks for retail customers, said Britain’s financial watchdog, which is pledging to ensure their interests are not sidelined.

AI ‘agents’ could revolutionise how people budget, save and invest, for example by moving idle cash into higher-yield accounts or adjusting portfolios in response to market swings.

Unlike generative AI, which produces text, code or images based on human prompts, agentic AI is touted as the next big opportunity for companies…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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