Banks Deploy AI Agents For Autonomous Transactions

The industry's largest banks are deploying autonomous AI agents inside back-office operations in 2024, executing and monitoring transactions across payment routing, cash management, and compliance, PYMNTS reports. These agents use LLMs and reinforcement learning within "bounded autonomy" to initiate wire transfers, triage AML/KYC alerts, and optimize liquidity, promising cost reductions and faster processing. The shift raises regulatory, liability, and ethical challenges due to real-money actions and limited guidance.