AI agents could pry loose the sleepy deposits US banks depend on

Key Summary

Artificial intelligence could disrupt the traditional banking model, as AI agents like Muse can read users' financial data and potentially route deposits to higher-yielding fintech products, posing a threat to US banks' low-yield accounts. Banks rely on depositors' inactivity to maintain a small spread, but AI tools could automate this process, leading to a potential deposit flight and significant interest expenses for banks.