Dragonfly Partner Claims Agent-Friendly Institutions Will Receive Fund Transfers
Dragonfly partner Rob Hadick stated on MTS Live that the system built on Plaid has an ACH failure rate of about 2% and issues with capital efficiency.
He pointed out that if asked which bank is agent-friendly, the answer would be Mercury rather than JPMorgan.
Financial institutions that can control different accounts, realize monetization, and prioritize AI and agents are most likely to gain significant opportunities in this field.
He expressed concern that surpluses will continue to shift from traditional banks to fintech companies.
Mercury has launched MCP, allowing agents to perform account operations and fund transfers with user approval; JPMorgan has blocked external AI agents from accessing Chase accounts.
Hadick's comments focus on agent-driven fund flows and account control, contrasting the limitations of traditional ACH paths with the advantages of agent-friendly institutions.
Source: Public Information
ABAB AI Insight
As a partner at Dragonfly, Rob Hadick has long focused on payments, stablecoins, and agent financial infrastructure, having invested in related companies and publicly discussed how agents are changing fund flows and banking choices; this time at MTS Live, he clearly pointed out the failure rate and efficiency issues of the Plaid/ACH path, as well as LLM's preference for Mercury.
On the capital path, agents interact directly with accounts through interfaces like MCP (e.g., Mercury allows fund movement with approval), enabling financial institutions to control accounts and monetize; traditional banks may lose surpluses to fintech due to restrictions on external agent access and ACH inefficiencies.
This is similar to the trend of migrating from traditional bank accounts to fintech accounts in the payments sector, or the early competition between internet banks and traditional bank customers; we are currently at a stage where AI agents are beginning to choose and operate financial accounts, making agent-friendliness a key variable for account acquisition and retention.
Essentially, this involves a transfer of pricing power and a restructuring of the industry chain: account control is shifting from traditional banks to agent-friendly fintech, causing surpluses (deposits, transactions, and monetization) to follow agent choices; the ACH failure rate and capital inefficiency represent structural disadvantages of traditional paths, while institutions that can natively support agent operations gain advantages in fund and user flows.
ABAB News · Cognitive Law
When agents choose banks, friendly interfaces are preferred over traditional scale
ACH failure rates represent a structural cost of fund efficiency
Surpluses shift with account control from banks to fintech