Bank of America’s focus is ‘getting the data right,’ CEO says
Bank of America is being judicious in deployment of AI within its operations but already seeing the role the technology...
Citi attributes 100K hours of savings to gen AI deployment
Citigroup is starting to realize returns on its investments in generative AI and tech modernization. The $1.7 trillion bank reported...
Goldman launches AI-driven One Goldman Sachs 3.0
Goldman Sachs is leaning into AI to drive efficiency as it launches a new AI operating model across the institution. ...
Oracle studies scammers, embeds AI into AML to thwart them
Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion...
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...
