You or a business with legal owners can have a bank account, and you can give access to that account to an agent, but real banks work in the real world, and "know your customer" regulations need a real person somewhere in the chain.
But, hey, maybe I'm wrong.
Liability always follows the human as has been the case with all tools, motor vehicles, and pets.
Putting a brick on the gas pedal is obviously negligent. Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes.
Truly a strange world we're headed for.
https://www.fincen.gov/resources/statutes-and-regulations/ba...
Translation, no, AI agents can not create their own bank accounts, but someone's spamming Hacker News to see if there's interest in creating a company to allow that.
With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and social security number, which AI agents don't have.
Meaning, YOU would have to give them YOUR ID to vouch for your agent, so this just means a human would be opening a bank account...which isn't new.
We're a real company :) (with health insurance!)
> With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and social security number, which AI agents don't have.
It's literally my job to know how it's possible, and to offer that up as a service with generous fees! Appreciate the input tho.
You are correct, KYC rules must be followed, and once you're off the waitlist (which we threw up last minute to make sure this system wasn't abused by an influx of demand) you'll be able to go through typical banking steps you're familiar with. We use persona as our KYC vendor and are highly sensitive about PII exposure.
> human would be opening a bank account...which isn't new.
An agent could open this bank account if you prefer to give it access to your social, passport, etc -- entirely up to the individual's risk profile.
What is new is a whole interface designed for an ai agent with guard rails to ensure it doesn't get itself in trouble by violating obscure BSA laws. Magnolia's job has always been to handle the compliance.
> 0% Approval rate
> 0/7 API uptime
Sometimes I love stupid behaviour that appears when you have JavaScript disabled.
I just assumed tech enthusiasts who'd use this would be a more enlightened species
I wouldn't recommend completely disabling it though. Use something like uMatrix to selectively filter things.
This is all going to come crashing down somehow.
chrisjj•1h ago
> Fill out your info and upload an ID.
Wait. Parrots have ID now?
> Get Verified
> Instant identity verification. Most approvals happen in seconds.
How does anyone verify a parrot?
prerok•1h ago
mathstuf•1h ago
fc417fc802•32m ago