Skip to main content
Back to the live feed

Industry & Startups

Canada’s Biggest Banks Move to Limit AI Agents, Citing Risk

AI-generated summaryA model wrote this from the publisher’s headline and short excerpt. It can leave out context or contain errors, so read the original report before relying on it. How summaries are made

Summary

Royal Bank of Canada, BMO, TD and Scotiabank are restricting third-party AI agents from accessing their digital banking systems, citing security and liability concerns. RBC said a security review informed its decision, and warned agents could act beyond customers’ expectations or expose them to risk. CIBC does not support agents directly accessing accounts; National Bank says it is still assessing the issue.