A Linklaters podcast series examines how agentic AI could reshape payments, from authentication and liability to commerce, regulation and cyber risk.
As firms and consumers explore how to use AI agents, it is increasingly clear that the future of payments will be powered by AI. In a new series of podcasts, Linklaters explores how agentic AI will change the way payments are made and the potential legal issues already arising.
In the first episode, the team discuss the Mills Review on the long-term impact of AI on retail financial services. Although the Review argues that existing rules, such as the Consumer Duty and the operational resilience regime, are broad enough to cover firms’ use of AI, it also says these rules are coming under strain. As the way we make payments changes, the rulebook will need to evolve to find new ways to authenticate payers and allocate liability when things go wrong.
The second episode considers agentic commerce. As AI agents start to shop for us, payment transactions will become faster and more frequent, forcing both merchants and payment service providers to revisit their operations. We discuss the legal risks arising from these changes, including challenges to contractual arrangements and regulatory compliance.
The latest episode looks at the Hugging Face incident. This attack is one of several examples this year showing how frontier AI models can identify and exploit software vulnerabilities at scale. Part 1 dissects how the incident occurred; Part 2, coming soon, will explore its implications for the payments sector.
Listen to all three episodes via the Linklaters Podcast webpage or via Spotify, Apple Podcasts and other podcast distributors.
