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Big four banks accelerate push into 'agentic' AI

As the push to harness generative AI continues, Australian banks are turning to AI agents to amplify its benefits — though not all are moving at the same pace.

Australian banks are moving rapidly beyond AI generated information to using AI agents to exploit the data. Shutterstock.

Australia’s major banks are accelerating their adoption of agentic AI — the next phase in the AI revolution — as they aim to dramatically improve efficiency, compliance and technology.

The big four, led by Commonwealth Bank, increasingly see AI “agents” as a way to harness the data generated by machine learning and generative AI.

“We built our first multi-agent solution over a year ago to generate high-quality customer-facing content that was truly personalised. Since then, we have developed several other multi-agent solutions to unpick and migrate complex code bases and automate testing activities,” National Australia Bank’s executive, data strategy, Jessica Gleeson, told Capital Brief.

“We continue to keep a close eye on emerging technologies such as agentic AI, with a view to better understanding how it may be able to assist us to deliver better, safer and simpler customer experiences.”