U.S. Bancorp has not encountered third-party AI cash-sorting agents
On the third-quarter call, CEO Gunjan Kedia said the bank has not encountered third-party AI cash-sorting agents. Kedia said the logistics are “very complicated” and that the bank does not expect a near-term impact. Average deposits increased 2.9% year over year.
NoteKedia pointed to the bank’s own digital tools for deposit pricing. He put outside cash-sorting agents beyond the near term.
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