How AI Will Rewrite Banking

By Avestix Group

Recently, Avestix CEO, Susan Lindeque, shared her thoughts on how artificial intelligence (AI) and blockchain are making traditional venture capital (VC) business models and VC investing obsolete

Both examples confirm that cutting-edge technology is forever changing tried-and-true financial models, she says. And banking is next. 

“There are a variety of forces converging right now that, taken together, are going to forever transform banking,” she explains. “After several high-profile bank failures, trust in traditional financial platforms is disintegrating. And this is leading to a surge in demand for self-custody financial models.”

This surge is also driven by the speed at which wealth is moving nowadays. 

“Next generation investors have been conditioned to expect instant access to funds and traditional banks have failed to keep up with that expectation. Those who stand to inherit trillions of dollars in the upcoming ‘great wealth transfer’  also demand control, clarity and better tools to manage their wealth.

AI Agents Go Mainstream 

Meanwhile, she says, AI is going mainstream and AI Agents can further redefine the expectations post-Boomer consumers have for automation and decision-making.

As Susan wrote in a recent blog: “Founders who understand financial services are already building AI agents that can reshape how money moves, automate auditing and detect fraud in real time.”

These advancements also stand to improve friction points long associated with traditional banking, which are tied to legacy technologies that date back decades.

“Those outdated technologies limit user choice. More importantly, they lack personalization. Today’s consumers have been conditioned by Amazon and Netflix to expect highly personalized services. When consumers log in to their banking app, they encounter outdated, centralized systems that limit choice, portability, and trust,” she says. 

“And when institutions fail to trust their customers, customers move on,” she says. 

But, she adds, it's not just consumers who expect a more modern banking alternative; demands for next-generation banking tools are coming from within the industry as well.

“Modern technology offers the potential to reshape the backbone of the multi-trillion-dollar banking industry,” she now adds. “AI and blockchain can introduce a host of new efficiencies to the industry and banking executives know this.”

Compliance costs are just one example. 

“Compliance costs are rising, and many inside the banking industry are demanding programmable execution and user-driven banking systems to help manage those costs.” 

The Bank of Tomorrow

What might the banking system of tomorrow look like? 

“The trajectory of technology and consumer demand makes the bank of tomorrow look pretty clear-cut,” she says. “For starters, it will support autonomous finance, whether that is directed by a consumer, an AI agent, or a financial advisor, although it will be the account holder who sets the rules and restrictions. And integrated compliance systems will ensure account holders are the only ones who can authorize action.”

Additionally, she says, tomorrow’s banking system will facilitate far more than traditional cash transactions. It will also support secure cryptocurrency transfers while accommodating digital assets such as NFTs and digital collectables, tokenized bonds and commodities. 

Susan acknowledges that, to 2025 banking customers, these plans may sound ambitious, but she is confident that, within three years, such innovations will be common not only to banking but across the entire financial services landscape. 

“It’s not advancements in technology that are driving these changes,” Susan says. “It’s consumers who have seen what technology can deliver. They’ve grown accustomed to the empowerment and transparency that technology has given them, and they want that same level of empowerment in how they manage their money and assets.”  

Ready to Invest in a Better Tomorrow? 

It’s not just financial services that are being radically transformed by AI, blockchain, quantum computing and other advanced technologies. All businesses are being revolutionized by today’s cutting-edge technology. 

Avestix offers a series of funds that help accredited investors participate in the transformation. If you are ready to invest in the future, contact Avestix. 

All investments involve risk and some investments and investment sectors discussed may not be suitable for all investors. Please consult your financial advisor before making any investment decisions.