MCP isn’t KYC-ready: Why regulated sectors are wary of open agent exchanges

For something launched in November, the Model Context Protocol (MCP) has begun amassing a large number of users, all but guaranteeing the mass adoption needed to make it an industry standard. 

But there is a subset of enterprises that are not joining the hype for now: regulated industries, especially financial institutions. 

Banks and other enterprises offering access to loans and financial solutions are not strangers to AI. Many have been pioneers in machine learning and algorithms, even playing an essential role in making the idea of investing using robots extremely popular. However, it doesn’t mean financial services companies want to jump into the MCP and Agent2Agent (A2A) bandwagon immediately. 

While many regulated companies, such as banks, financial institutions, and hospitals, have begun experimenting with AI agents, these are typically internal agents. Regulated companies do have APIs. Still, so much of the integration these companies ...