Banks Are Racing Into AI Faster Than Security Can Follow

The Model Context Protocol, or MCP , is an open standard introduced by Anthropic in late 2024 that lets artificial intelligence (AI) agents connect to business systems the way applications call application programming interfaces (APIs) using a common interface instead a custom-built connection for each tool, PYMNTS reported . Before MCP, integrating an AI model into a company’s internal software required bespoke engineering for every system. The protocol eliminated that friction, letting AI agen