AI Agents Are Getting Their Own Bank Accounts
Looking to strengthen its bond with merchants, Ant International is getting bank accounts for artificial intelligence agents. Account for Agent sits inside WorldFirst, Ant’s global account brand, according to a Friday (Sept. 18) press release. The account runs on know your agent smart contracts, with live monitoring and the ability to intervene in an agent’s […] The post AI Agents Are Getting…
Ant International, a major player in the global digital payment and financial services industry, is equipping its artificial intelligence agents with their own bank accounts. The company unveiled this development at its VOYAGE merchant event in Shanghai, attended by over 1,100 executives. The AI agents, which handle various tasks such as payments, accounts, foreign exchange, and treasury, now have access to a WorldFirst account operated by Ant's global account brand.
This account utilizes smart contracts with real-time monitoring and intervention capabilities. Two key products associated with the account are AgentSafePay, which guarantees 100% of funds in case of failures, and the Agentic Mobile Protocol, which facilitates low-value payments between AI agents. As AI becomes increasingly integrated into merchant operations, Ant's protocol aims to provide a solution for a gap in existing payment system controls.
Financial institutions will need to adapt to this new landscape, where AI agents play a crucial role between the user and the transaction.
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