GMP Securities

AI Innovation, Blockchain and Crypto

The 3-Min Read: The two systems Coinbase is building for an agent-driven financial ecosystem

• What changes when both money and the logic governing its movement become programmable?
• If stablecoins become the asset layer and AI agents become the decision layer, Coinbase is positioning itself to be the infrastructure connecting the two.

AI Innovation, Artificial Intelligence, Payments

J.P. Morgan Payments’ Michael Lozanoff on why agentic commerce can’t scale without governance

• AI agents today can already handle end-to-end commerce. The open question is whether those actions can be trusted at scale.
• Intelligence is becoming table stakes as AI scales. The differentiator shifts to governance: agent identity, permissions, and enforceable limits.

10-Q, Member Exclusive

What Klarna, Coinbase, and Chase are building next

• Klarna, Coinbase, and Chase are expanding beyond their core businesses to become part of the routines that generate financial decisions.
• We look beyond today's products to what the three firms are building for tomorrow.

Member Exclusive, Opinion

Letter from the Editor: The AI productivity story is easy to tell until you sit inside the institution building it

• Today’s analysis examines the widening gap between the AI capabilities being developed and the language used to describe them.
• If AI's role is to make banking more efficient, productivity matters. If its role is to redefine decision-making and workflow, productivity may be too narrow a lens.

AI Innovation, Artificial Intelligence, Member Exclusive, Payments

The real power struggle in agentic commerce isn’t building the smartest AI agents; it’s governing them

• J.P. Morgan Payments is moving the conversation beyond capability and toward the infrastructure and framework required to govern AI agents.
• Data is emerging as a core ingredient of agentic commerce, shaping the information agents can access and the decisions they can make.