AI
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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