Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
Subscribe to Bank Nerd Corner to get the latest episode every Thursday!
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Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
Subscribe to Bank Nerd Corner to get the latest episode every Thursday!
Agentic AI and Bank Deposits: What’s the Worst that Could Happen?
Bank Nerd Corner
47 minutes
1 month ago
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 continue the long tradition of “deposit brokers” in the industry, a historic deposit designation that indicated the deposits were “hot” and not fully relationships. This time, they — and their regulators — may not realize their customer deposits are “hot” before it’s too late. We talk about the technology that makes this possible, why the definition of deposit broker matters, what are regulators’ limitations and how banks should respond.
Taktile is an AI Decision Platform that helps financial institutions automate and improve their risk management strategies across the entire customer lifecycle. From onboarding and credit underwriting to fraud detection and transaction monitoring, Taktile empowers risk teams to build, test, and optimize their critical decision processes, without relying on engineers. Taktile has been recognized as category leader — for four quarters in a row — in G2’s Quarterly Report for Decision Management Platforms, and is trusted by leading fintechs, banks, and insurers across the globe. The company is headquartered in New York City and has offices in Berlin and London. For more information, visit taktile.com or follow Taktile on LinkedIn.
Read “When Siri Becomes a Deposit Broker” here: https://southstatecorrespondent.com/category/banker-to-banker/
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Bank Nerd Corner
Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
Subscribe to Bank Nerd Corner to get the latest episode every Thursday!
