Wells hires former Google AI leader as head of AI for WIM
Wells Fargo's Wealth & Investment Management business has hired former Google AI leader Andre Mansour to lead its AI initiatives. “I’ll be focused on shaping our AI roadmap,...
AI-powered offers help BMO drive $61.5M in annualized revenue
BMO Financial Group put AI at the center of its second fiscal quarter story, disclosing revenue and productivity gains as the bank pushes AI deeper...
TD’s agentic AI tool doubles same-day mortgage approval rates
TD is using agentic AI for labor-intensive mortgage lending tasks including information synthesis and same-day mortgage approval. TD’s agentic AI tool, built by the bank’s in-house AI...
National Funding using AI to calm anxiety among SMB borrowers
Online lender National Funding is using AI to ease borrower anxiety and meet small-business customers on their own terms. As economic uncertainty weighs on businesses, the company is...
Plaid’s AI-driven LendScore can reduce lending risk by up to 41%
Financial data aggregator Plaid created LendScore, its AI-driven credit risk tool, to provide an alternative to the slim view lenders get from traditional credit files. AI-driven LendScore is built on cash flow and behavioral data drawn from more than 1 million financial transactions each day...
LLM providers race to scale AI infrastructure after tokens become profitable
The economics of AI has morphed and large language model providers are racing to expand the computing capacity that powers them. That dynamic...
Anthropic beats OpenAI in business adoption in April, Ramp reports
Anthropic took the lead in business adoption over OpenAI in April. Adoption of Anthropic reached 34.4% of businesses that month, a 3.8% increase from March, according to the latest Ramp AI Index...
5 questions with … Alkami CTO Deep Varma
Alkami Chief Technology Officer Deep Varma is pushing the digital banking provider's 300 regional bank and credit union clients past the era of replicating...
Inside Look: Vine’s AI Assistant for agricultural, commercial lending
Lending service provider Vine has launched AI Assistant, which is designed to streamline commercial and agricultural lending workflows. Launched May 6, AI Assistantaims to help bank credit analysts and lending officers...
FIs wary of OpenClaw security risks
Financial institutions are largely keeping OpenClaw, the fast-growing open-source AI agent platform, off of their corporate networks. The move cuts across banks and credit unions, where compliance teams...
