5 AI fintechs to watch
NEW YORK - Banks and investors are proactive in evaluating AI-driven startups for long-term growth opportunities. AI is becoming table...
Strategy
KeyPoint Credit Union resolves 94% of member queries via Eltropy AI
KeyPoint Credit Union has gained efficiency with fintech Eltropy’s AI tools that handle member queries, schedule appointments and centralize internal policies. The $1.6 billion credit union deployed Eltropy’s AI voice agent for its...
AI outage spotlights model, cloud exposure
The simultaneous outage among major LLM providers on Sept. 3 necessitates a closer look at model exposure and infrastructure diversification....
TD Bank COO to exit after a year in the job
TD Bank said Chief Operating Officer Taylan Turan is departing after about a year in the job, leaving vacant a...
AI can help with both hiring and attrition
While many U.S. banks race to deploy AI tools, some bank executives say the biggest workforce impact will be how...
Bessent blasts US hyperscalers for failure to tout AI benefits
Treasury Secretary Scott Bessent blasted the US companies ramping up investment in artificial intelligence, faulting them for failing to build...
AI data center spending to reach $32T by 2050, PwC says
Global data center spending is set to reach $31.6 trillion through 2050 to meet the world’s growing appetite for AI,...
Experts: Strike balance between cloud, on-premises AI
The playing field is leveling between cloud-based AI and on-premises AI in financial services, forcing institutions to strike a balance between...
Fintech funding: Fintechs raised $44.3B in Q2, up 78% YoY, KPMG report says
Fintech funding saw a sharp rebound during the second quarter worldwide, raising the most money in Q2 since 2022. During...
Nvidia CFO hits back at circular economy claims
Nvidia posted record earnings, beating analyst expectations while brushing aside circular financing claims and shrugging off emerging chip manufacturer concerns. ...
