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Banks and Amazon risk losing customers by blocking AI agents
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Tools for Humanity CPO @tiagosada explains why banks and Amazon risk losing customers by blocking AI agents, and how giving bots "power of attorney" could change that: "JPMorgan Chase just announced, and I believe Citigroup or Bank of America yesterday, they’re fully gonna block out bots. That’s the safe way to go, but consumers now expect to use our agents. We’re just gonna start using other banks that let us." "Paul Graham was tweeting, I think this is the first opening to compete with…
worldnetwork@worldnetwork6d ago
In 2024, an employee at engineering firm Arup transferred $25.6 million after joining a video call where every other participant was a deepfake. Since then, AI has advanced significantly and is making impersonation increasingly convincing, causing challenges for financial institutions in particular. As autonomous agents begin handling more financial activity on behalf of people, establishing an added layer of trust and security behind a transaction or sensitive conversation is becoming an urgent need. Introducing @world_id for banking and finance, a suite of technologies that helps institutions establish trust through privacy-preserving cryptographic Proofs. World ID for Zoom lets meeting participants confirm they are the same Orb-verified human connected to their account, while World ID for agents allows AI agents to carry Proofs delegated by people. Bain Capital, OpenExchange, Outtake, Pantera Capital, and VanEck Funds are initial design partners, bringing World ID into some of finance's most consequential interactions. https://t.co/NakSyrdBtq
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