Open standards are essential for scaling agentic AI in fintech, paving the way for interoperability that enhances customer value instead of maintaining isolated systems. Currently, the fintech landscape is fragmented, with various institutions employing unique data formats and APIs. In 2025, AI agents are set to revolutionize internal workflows, while by 2026, customers will experience these advancements directly. The recent formation of the Agentic AI Foundation (AAIF) by Block, Anthropic, and OpenAI aims to develop open standards essential for agentic AI’s success. Without such standards, siloed architectures will hinder innovation. For agentic AI to function effectively, it requires seamless access to contextual data across platforms. This necessitates widespread adoption of consistent protocols like the Model Context Protocol (MCP). Embracing open standards will not only drive interoperability but also empower smaller fintechs to compete efficiently. The next decade will favor companies that invest in collaborative frameworks, ultimately reshaping the fintech ecosystem.
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