AIBanking Dive1 day ago
PNC, U.S. Bank CEOs brush off AI-driven cash optimization
1 min read
PNC CEO Bill Demchak and U.S. Bank CEO Gunjan Kedia brushed off concerns that AI-driven cash optimization threatens consumer deposits. Demchak argued open banking and API connectivity, not AI, drive money movement. Truist's CFO called the risk "conceptual." McKinsey had warned banks could face disintermediation from AI agents.
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