JPMorgan will not allow external AI agents to access customer accounts
JPM JPMorgan Chase & Co
$331.43 -0.86%
View chart & analysis → - 1JPMorgan Chase CEO Jamie Dimon stated that the firm will not allow external AI agents to access customer accounts or operate on their behalf due to risks to customers and the company.
- 2A JPMorgan spokesperson confirmed that allowing third parties to obtain customer financial credentials to log in and access accounts is not permitted because it is unsafe.
- 3CFO Jeremy Barnam said the firm has launched a targeted pilot for Smart Cash, an in-house AI tool that predicts user cash flow and moves funds to maximize returns.
So what's the key point?
JPMorgan has decided not to allow external artificial intelligence to enter and manage customer accounts. Instead, the company plans to test its own AI tool, Smart Cash, to help manage customer funds.
Source CNBC · View original ↗
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