Technology · 2 hours ago
Why banks fear AI moving billions of pounds.
Lenders including HSBC, Nationwide and Barclays are acting pre-emptively, worried that automated systems could mismanage personal finances. Bosses also fear that tools like Meta's new Muse assistant could rapidly shift billions of pounds between competitors, putting industry stability at risk. Similar blocks already exist in America, though mandatory fingerprint and face scans make British banking apps harder for software to operate anyway.
Reported by The Telegraph · How we write briefs