Mmastodon BusinessBanking first seen 8 h ago, last 1 h ago, peak #3
Banks work out who is liable when AI agents fail
Original: Bankers grapple with liability when # AI agents mess up Bankers, tech companies and others are working to define who is
Bankers, technology companies and regulators are trying to establish who bears responsibility when autonomous AI agents commit errors, fraud or even crimes in financial services. The question of liability — whether it falls on the bank, the software vendor or another party — remains unsettled, and industry figures are actively debating how rules should be defined as AI agents take on more operational roles.
Why now: AI agents are being deployed in banking faster than liability rules are being settled, raising fresh legal and regulatory concerns.
American Bankerbanking industrytechnology companies
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