Banking, as we know it, is an industry with a medieval heritage based on trust and paperwork. However, Artificial Intelligence is demolishing the foundations of this sector to make way for Autonomous Banks. These are financial entities where 99% of decisions—from granting a mortgage to buying sovereign debt—are made by algorithms that never sleep, never tire, and, theoretically, never make mistakes due to emotional bias.
This is what the experts are actually worried about.
Autonomous banks operate with "circuit breakers" that disconnect automatic trading if extreme market anomalies are detected, protecting deposit funds.
I unpack the details in this article. Autonomous Banks and AI: The End of Traditional Banking
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