I think the real reason is Asimov’s ‘Three Laws of Robotics’
- A robot may not injure a human being or, through inaction, allow a human being to come to harm.
- A robot must obey the orders given it by human beings except where such orders would conflict with the First Law.
- A robot must protect its own existence as long as such protection does not conflict with the First or Second Laws.
… also, a robot risks leaving an audit trail of what it did, so risks making its owner more accountable.
The article quickly hits the term “open banking” and spirals downhill from there into a turgid broth of quasi-buzzwords and marketing dribble. One wonders whether the royal commission has fried the brains of these ‘finance industry leaders’, or whether it has just thrust them into the sunlight so we can see them for what they are? Perhaps I’m being too cynical …