European Central Bank taps Feedzai’s AI tools for fraud, AML detection
The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. ...
The rise of AI-driven wealthtech
Financial management is evolving as wealth is transferred to the next — more digital — generation. In previous years,...
JPMorgan ranks first for AI among banks with its systematic innovation approach
JPMorgan is topping the list for AI readiness and leadership among all banks globally for the third year in a...
Agentic AI market to hit $44.5B by 2030, report says
The financial services industry is developing its infrastructure along with identifying use cases to deploy agentic AI within its operations. ...
Varo launches AI academy for training, identifying use cases
Digital bank Varo is working with employees to find use cases for AI and train them on using the tech...
Wells Fargo to capitalize on $124T ‘Great Wealth Transfer’ with AI solutions
Financial institutions are gearing up to cater to the next generation of wealth clients as the “Great Wealth Transfer” happens...
Academy Bank building gen AI knowledge base
Academy Bank is developing a generative AI knowledge base to make operations more efficient and reduce costs. The $3.4 billion...
Academy Bank taps employees for AI applications
Academy Bank is leaning on employees to suggest AI applications throughout operations. The Kansas City, Mo.-based $3.4 billion bank created...
Federal Reserve’s gen AI experimentation will take years, Powell says
Even an institution as steeped in tradition as the Federal Reserve is exploring use cases for gen AI. “Generative AI...
Distyl AI raises $175M in series B round to take firms ‘AI-native’
AI solutions provider Distyl AI has raised $175 million in a series B round, hitting a valuation of $1.8 billion. ...
