Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting

Microsoft and Chainalysis executives are urging the financial industry to modernize its legacy infrastructure to handle the increasing complexity and scale of AI-driven transactions. Bill Borden of Microsoft highlighted that traditional systems will struggle with latency, scale, and complexity, forcing a reevaluation of their architecture. The focus is shifting from mere automation capability to trust, auditability, and control of AI agents executing transactions without direct human input. Microsoft is developing tools to assign identities and permissions to AI agents and track their actions to ensure compliance. Jonathan Levin of Chainalysis pointed to the crypto sector's blockchain networks and smart contracts as a model for automated finance, emphasizing their preparedness for agent-based systems and advanced risk management. Both executives anticipate a future where public blockchains, private networks, and existing financial rails coexist, connected by software.

(Source：CoinDesk)