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Schwab and JPMorgan Are Blocking AI Agents From Moving Customer Money

Summary by TNW
Schwab CEO Rick Wurster says the firm blocks outside AI agents such as Meta's Muse from moving money, following a similar stance from JPMorgan.

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Bank executives look forward to the use of artificial intelligence by consumers to help in financial life — as long as the rules are respected. Rick Wurster, CEO of Charles Schwab, said that the brokerage, asset management and banking services company actively blocks unauthorized AI agents who try to move money from customers, including the Meta Platforms' Muse. "We don't want anyone simply to give the password to the Muse and allow him to enter…

·Rio de Janeiro, Brazil
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American Banker broke the news on Thursday, October 15, 2026.
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