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Chime puts out the welcome mat for external AI agents
As financial institutions decide whether to allow external AI agents into their digital ecosystems, Chime is preparing to enable customers to both bring their own agent and engage with Chime's in-house agent, Jade.
Chime is building secure connections to general-purpose AI agents, which will allow Chime members to use their preferred agent while staying in control of who can access their accounts and what actions agents can take with their money, CEO Chris Britt said on the company's third-quarter earnings call. More here.
Court ruling makes lower swipe fees likely, not imminent
The Federal Reserve has been ordered to lower the cap it imposes on debit interchange fees, but don't expect it to start rewriting its policies anytime soon.
At least one more court must opine on a lawsuit challenging whether or not the Fed's Regulation II is a faithful interpretation of its authorizing law. Then all parties must wait to see if the Supreme Court decides to weigh in. More here.
Here are more of today's top stories from American Banker:
- The Binance hack is a $6 billion warning shot to security chiefs. Read the full story here.
- Fintech targets small-business niche that banks have spurned. Read the full story here.
- Black banks' merger stays on track despite push to derail it. Read the full story here.
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