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Concerns Rise Over AI Disruption in Banking | Markets & Money News
AI technology is stirring concerns in the banking sector, with many consumers hesitant to trust AI agents with their financial information. Notably, a survey reveals 72% of bank customers are wary of sharing data with these tools. As AI facilitates easier investment comparisons, banks face potential shifts in customer loyalty — a critical issue given recent declines in financial stocks. In response, institutions like Charles Schwab and JPMorgan are developing their own AI solutions to enhance
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