IBM’s software business is taking a hit as its clients focus their spending on AI infrastructure development over software.  The company reported second-quarter revenue of $17.16 billion,...

Banco Santander said targeted deployment of AI across its operations has created €84 million ($96 million) in business value in the first half of the year.  “Our network businesses...

AI is driving the charge for tech stack and coding language modernization.  Created in the 1950s, Common Business Oriented Language (COBOL) became...

Two financial technology companies are taking different approaches to embedding AI into capital markets infrastructure — one through a client-facing research...

Wells Fargo has launched AI Teammate, an AI-powered tool embedded within its Advisor Gateway platform that helps financial advisers, client...

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. ...

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 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...

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...

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...