US banks restrict AI agents' access to customer accounts
Institutions including JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley have taken steps to restrict third-party artificial intelligence agents' access to customer accounts, citing the risk that they carry out operations beyond the instructions received, according to an Axios report dated October 22, 2026 and picked up by Reuters. In Colombia, Bogotá's city government warned about scams in which criminals pose as financial institutions and offer a supposed virtual assistant to obtain passwords and verification codes.
In 40 seconds
- JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley are restricting external AI tools' access to their platforms
- The cited risk is that autonomous agents use banking credentials to check information or attempt transactions
- In Colombia, Bogotá's city government warned about scams with fake virtual assistants that request passwords and codes
IASummary generated by artificial intelligence from a story by Noticias RCN. It may contain errors: the original source prevails.




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