AmEx deploys AI coding tool for 9.1K employees, gains 10% efficiency
Card network American Express is seeing results as it cautiously deploys gen AI. “We’ve been investing in AI and machine...
Payments
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. ...
Klarna, Google Cloud develop AI-powered payments experiences
Global payments provider Klarna is partnering with Google Cloud to use artificial intelligence to enhance its payment services for more...
Jack Henry acquires Victor Technologies to strengthen PaaS offering
Jack Henry & Associates Inc. announced today that it has acquired Victor Technologies, a cloud-native, API-first provider of embedded payments...
Agentic AI drives ROI at financial institutions, Google Cloud finds
Financial institutions are increasingly deploying AI and the latest driver of returns on that investment is agentic AI. Seventy-seven percent...
OpenAI teams up with Stripe for agentic commerce
OpenAI today unveiled Instant Checkout, allowing U.S. users of ChatGPT — on free, Plus and Pro tiers — to make...
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...
FIS acquires Amount to boost its digital banking solutions
FIS has completed its acquisition of Chicago-based fintech Amount, marking a strategic expansion of its digital banking capabilities, according to...
Citi Ventures adds agentic AI startup to investment portfolio
Citi Ventures is looking at agentic AI startups as a compelling area for investment. Agentic AI “could reimagine workflows across...
