Standard
Industry consortium that develops open standards for passwordless authentication, including passkeys and FIDO2/WebAuthn specifications.
Lead Bank has drafted a four-party waterfall that assigns liability for AI agent errors, American Banker reported. Bain projects US agentic spending of up to $500 billion a year by 2030, and the rules for who pays are still being written.
Reality
EMVCo has drafted Intent Services, a shared layer for recording what consumers authorise AI agents to buy, with comments due 30 September. The draft comes before any specification, so payment-security teams get a design direction with nothing yet to certify against.
Reality
FIDO's export format for passkeys has only begun shipping in iOS 26 and Android, with the FIDO Alliance counting 5 billion passkeys in use. The key that makes them phishing-resistant cannot be copied off the device, so adopters need a plan for lost devices and changed managers.
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Apollo economist Torsten Slok warns AI agents could sweep cash from 0.1% bank accounts into fintech accounts paying 3.3% to 5%, even causing bank runs. Bank AI veterans call a run a long way off, yet expect agents to make deposit moves faster and more coordinated than banks have seen.
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The startup says its Agentic Identity Suite cryptographically links an agent's actions to the platform that deployed it and the company that approved it. It already sells business verification to one in five US banks.
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The engineering post behind Meta's new personal agent assumes the thing will be attacked through the mail it reads, and the bounty schedule says what one compromised user is worth. It does not say how often the model is fooled.
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The August 25 milestone lands against FIDO's count of 5 billion passkeys in circulation. But the stronger two-step verification shipped alongside it is opt-in, so every account that skips it keeps a guessable numeric second step.
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