00:00It's Benzinga, bringing Wall Street to Main Street.
00:02JPMorgan Chase CEO Jamie Dimon said,
00:06Tuesday, the bank will not allow outside artificial intelligence agents to access
00:10customer accounts and perform transactions on their behalf, citing security risks,
00:14according to CNBC. Dimon warned that thousands of rogue agents could threaten customers and the
00:19bank. JPMorgan currently allows limited read-only access to customer data through authorized
00:24connectors, but blocks external agents from transferring money or paying bills.
00:28The bank has not established a timeline for permitting those transactions. JPMorgan is
00:33developing its own AI tools, including SmartCash, which aims to predict cash flow and move funds to
00:38maximize yield. Dimon also warned that customers using outside agents should understand the risks
00:43and potential transfer of liability. For all things money, visit benzinga.com.
