Lead Bank CEO says laws must evolve for agent-driven transactions

  • Lead Bank CEO Jackie Reses said laws must enable more autonomous transactions.
  • Agents currently lack unrestricted access to accounts, Reses said.
  • Reses said transaction processes are moving toward less deterministic behavior.

Lead Bank CEO Jackie Reses said current account systems do not give agents unrestricted access, while transaction processes are moving toward less deterministic behavior. She said laws and regulations need to be developed to enable that shift. Here, an agent refers to software acting on a user’s behalf, potentially carrying out financial transactions under defined permissions.

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