Skip to main content
AI CanadaPulse
Back to the live feed

Policy & Regulation

Canada’s major banks limit functioning of AI Agents, Citing Risk

Asia Insurance Post ·

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

Several of Canada’s largest banks are blocking or restricting outside AI agents from accessing their digital banking services, citing security and liability risks. Royal Bank of Canada told employees it would block third-party personal agents from authenticated banking services; Bank of Montreal, Toronto-Dominion Bank and Bank of Nova Scotia also announced restrictions. Canadian Imperial Bank of Commerce said it does not support personal AI agents accessing accounts, while National Bank of Canada said it is assessing the risks and opportunities.