Wells Fargo’s AI Teammate helps advisers streamline tasks
Wells Fargo has launched AI Teammate, an AI-powered tool embedded within its Advisor Gateway platform that helps financial advisers, client...
Ramp launches technology to track AI token spend
Spend management service provider Ramp today launched its AI token spend management tool, giving finance teams visibility and control over spending across major AI providers. ...
Why Stripe is willing to pay a 28% premium to acquire PayPal
Stripe and private equity firm Advent International have offered to acquire PayPal for nearly $60.50 per share, a 28% premium over Tuesday's close that values...
Morgan Stanley CEO: AI CapEx could hit $1.5T by 2028
Morgan Stanley and Goldman Sachs are focused on providing financing for the current AI development boom — as well as developing the tech for themselves to make operations more efficient. “Each major tech cycle has produced...
Nine out of 10 employees at Citi use AI
Citi is seeing high adoption as it deploys AI in nearly all its operations and expects the tech to drive productivity gains. Citi has brought products including its Payment Express solution and Citi Wealth Advisor Insights platform to market faster because of AI, Chief Executive Jane Fraser said today...
JPM’s Jamie Dimon: Customers will be the ‘ultimate beneficiary’ of AI
JP Morgan Chase & Co. plans to continue its investments in AI while being cognizant of market cycles and a potential slowdown in the industry. “AI...
5 ways U.S. Bank is deploying AI for SMBs
U.S. Bank is weaving AI into nearly every touchpoint it has with small business customers, from the moment a client calls into a service center...
Inside look: TD’s pivot from build-from-scratch to AI foundation models
TD Bank is testing whether a foundation model trained on outside data can match the predictive power of models it builds entirely in-house —...
Lloyds and Google are deploying AI for insurtech
Lloyd's of London, insurance company The Hartford and Google Cloud are deploying AI into insurance underwriting and risk prevention. The two...
Better.com’s AI chatbot handles 35% of all customer calls
Better.com's consumer AI-driven chatbot is converting mortgage shoppers into clients and resolving customer queries, company officials say. The AI voice assistant, called Betsy, is fielding roughly...
