3
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt their business models to respond to customers turning to AI to optimize their finances. From a report: The consultancy firm predicted that customer uptake of agentic AI — effectively autonomous bots — would hit the profits banks earn from customer money in low interest accounts, according to a report from McKinsey published Thursday. “Imagine you have an AI agent that says: ‘Hey, you…
