"JPMorgan Chase & Co.  Jamie Dimon cautioned that artificial intelligence agents allowed to make payments for customers would need their bank codes, putting the agents inside the bank with no assurance that they will act in customers’ interests. Dimon said that if agents can make payments, customers have to hand over their bank code, and “that means they are in your bank and you’re assuming they’re going to act properly on your behalf and they may not.”"

"JPMorgan Chase CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools. The bank is piloting Smart Cash, an internal tool to forecast cash flow and move funds to maximize yield. Dimon said customers using outside agents must understand the risks and potential transfer of responsibility."

"One of the beauties of cash is that it is so fast. When paying with paper money, a transaction is settled instantaneously. The advent of modern technology has managed to slow things down. Whether tapping a card or using a digital wallet, electronic payments can take days to complete. As we enter the real-time era, we look at how the space will continue to evolve—and the implications for consumers, businesses, and the wider economy."