EP 116b - DEMYSTIFYING AGENTIFICATION AND AI AGENTS IN BANKING WITH ED MASLAVECKAS CEO OF BUD

In this episode, we welcome back Ed Maslaveckas from Bud to demystify the intriguing topic of 'agentification.' They delve into Bud's development and use of agentic models in the financial services sector, emphasising how these models differ from traditional AI agents. Ed explains that while standard agents can perform specific tasks within their own ecosystem, agentic models can interact with multiple external systems to fulfil broader objectives, such as autonomously optimising a user's finances. He provides insights into how Bud is leveraging AI to perform complex financial tasks and the potential impact on banking operations and customer experiences. The conversation touches on regulatory challenges, the evolution of personalised financial services, and the future role of traditional banks versus neobanks in an agentic world. The discussion also explores the implications of agentification for the financial industry, including competitive dynamics, data access, and the long-term vision of optimisation and abundance.