On The Call

← On The Call3 sep · 22 min

Autonomous agents, real money: The risks of AI in banking and finance

Autonomous agents, real money: The risks of AI in banking and finance3 sep22 min

<p>Agentic AI in banking has moved from drafting documents to moving money — and there’s an unanswered question on who&#39;s liable when bots are actioning transactions. Recorded live at Fintech Australia&#39;s Intersekt conference, the Capital Brief newsroom digs into the RBA&#39;s fintech regulation review, and where the big banks and the startup ecosystem sit not he agentic AI opportunity.</p><p><br></p><p><strong>We discuss:</strong></p><ul><li>The disintermediation threat: what happens to the big banks when your money moves itself to the best provider</li><li>The RBA submissions divide — CBA, ANZ and Westpac urge for fast regulation, while NAB, Fintech Australia and the Tech Council say it&#39;s too early</li><li>Who&#39;s liable when a bot makes a decision its human owner never authorised?</li><li>Payment authority vs payment execution, and why that distinction is essential to answer the liability question.</li><li>Why scam education built around human manipulation doesn&#39;t translate to agents</li><li>Whether public discomfort with handing over financial agency reduces over time.</li></ul><p><br></p><p>On The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia&#39;s centres of power.</p><p><br></p><p>Host Harshdeep Kaur sits down with Capital Brief&#39;s best journalists to dissect what we&#39;re watching and why it matters, and answer questions from our subscribers live.</p><p><br></p><p>Subscribe to join our weekly live discussion on Thursdays at 12pm AEST: <a href="https://www.capitalbrief.com/on-the-call/">https://www.capitalbrief.com/on-the-call/</a></p><p><br></p><p>Sign up to our free weekly newsletter, The Edition: <a href="https://www.capitalbrief.com/newsletters/the-edition/">https://www.capitalbrief.com/newsletters/the-edition/</a></p>