Anthropic, FIS to launch AI agent for AML
Fintech FIS and Anthropic are joining forces to build an AI agent for anti-money laundering in banking. FIS began developing the solution after observing that the...
Risk & Security
Zero-trust framework is mandatory in era of gen AI
AI is becoming a double-edged sword in the fight against cybercriminals, acting as a threat and a defense. AI is anticipated to be the...
Trinity Bank to deploy AI-driven solution to fight fraud
SAN DIEGO — Trinity Bank is set to deploy BioCatch, an AI-driven behavioral biometric platform, to strengthen fraud prevention across its digital banking channels. The $550 million...
Q&A with CGI’s Andy Schmidt on AI-powered resiliency
Financial institutions are tapping AI to monitor systems for issues that could trigger outages. “Outages in financial services are rarely caused by a single-point failure,” Andy Schmidt,...
‘Runaway agents’ pose threat to AI momentum
Agentic AI seems poised to revolutionize financial services, although there are risks that could stymie its momentum. The U.S. market...
Modern CISO: Leading security in the age of AI
Chief information security officer is not a new title — but the job is changing. A chief information security officer (CISO) is a...
Experts: Banks can cut fraud loss reserves by 50% by 2030 with AI
AI can help reduce fraud attempts and save money through better real-time detection, experts say. “If banks are losing less money, then they can also trim down their...
Qatari bank races to move data back in house amid war
Commercial Bank of Qatar is racing against time to migrate its data back from cloud facilities amid the Iran war and threats against data centers in the Middle East. ...
JPMorgan Payments AI tool validates 550 data points each night
JPMorgan is using AI to keep transactions safe and add resiliency to its operations. The New York-based bank uses AI to scan all payments and payments infrastructure to...
MSUFCU prevents over $2.5M in losses with AI authentication solution
DENVER — Michigan State University Federal Credit Union is streamlining authentication at its call center and ultimately reducing fraud losses with the help of AI. Prior to the addition...
