Agentic AI and Bank Deposits: What’s the Worst that Could Happen?
Bank Nerd Corner welcomes Todd Phillips, an assistant professor at the Georgia State University’s Robinson College of Business, to discuss a not-so-theoretical thought experiment about the intersection of artificial intelligence, deposit stability and bank liquidity,
Todd’s paper, “When Siri Becomes Deposit Broker,” explores the implications for banks if consumers and businesses widely adopt agentic artificial intelligence capabilities that could automatically and autonomously move customer funds out of banks, either for rate seeking or stability reasons.
This imagined application would…
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