Banks Adopt AI Agents To Automate Due Diligence

Grasshopper Bank CTO Peter Chapman says his team built an enterprise deployment of Google Gemini called Hopper that automates enhanced due diligence, delivering a working AI-agent model in under three weeks and avoiding a six-figure vendor subscription. Industry leaders and advisers told American Banker in early March that AI agents will reshape SaaS procurement, but regulatory, auditability and determinism limits mean core banking systems remain unlikely to be fully replaced.