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. ...
EU banks wary of US cloud, AI amid rising geopolitical tensions
Many financial institutions across the pond are looking to reduce their reliance on U.S. tech providers as geopolitical tensions rise...
FIs take notice as stablecoin adoption expected to jump 54%
Stablecoins have seen a resurgence in use cases since July’s passage of the Genius Act, which set up regulatory guardrails...
Transactions: First Fed Bank selects Apiture for digital banking
First Fed Bank has tapped fintech Apiture to provide better digital and mobile banking services to its clients. Community and...
81% of consumers open to using agentic AI for payments
The payments industry is undergoing a major overhaul as AI takes center stage. Agentic AI is likely to reshape day-to-day...
Credit unions look to AI to trim costs
Nearly 28% of credit unions are deploying AI for cost savings, more than big banks. Banks and credit unions do...
