
Deutsche Bank and Google Build AI Agents to Patrol Trading - PYMNTS.com
Several banks are adopting agentic artificial intelligence (AI) to enhance their trading oversight, detect misconduct, and heighten compliance efficiency, as reported by Bloomberg News. Deutsche Bank has partnered with Google Cloud to develop AI that can monitor trading activities, identify anomalies, and alert compliance officers for further investigation. This technology will also analyze the communications of client-facing staff, detecting unusual actions such as the transfer of confidential information to personal emails.
Nomura Holdings and another unnamed global bank are also exploring collaboration to train AI models for surveillance, sharing insights, and possibly engaging with regulators. Executives believe such systems could lower false positives by around 40% and decrease compliance costs by $5 million annually.
In addition, Banco Santander is integrating agentic AI into its anti-money laundering (AML) controls with the help of FinTech firm ThetaRay. A report indicated that among U.S. firms with over $1 billion in revenues, 23.4% are either piloting or fully utilizing agentic AI.
Bank of America's CEO, Brian Moynihan, noted that AI and automation are driving productivity improvements across operations. The Federal Reserve is also implementing AI for operational efficiencies in payments, financial management, and services provided to the U.S. Treasury, showcasing a commitment to aligning AI capabilities with specific business needs.
Moreover, Perplexity AI launched its product, Computer, designed to efficiently handle complex assignments autonomously. It can break down extensive tasks, assign subtasks, and manage workflows with minimal human intervention, distinguishing itself from conventional AI models. This offers enterprises enhanced control, accountability, and safeguards while allowing for better performance monitoring—benefitting sectors across the board.


