‘Kill switch’ engaged: Fintechs spotlight key agentic guardrail
Financial institutions must ensure that agentic AI models have a “kill switch” at multiple levels to prepare for regulatory changes...
Strategy
Finance app network maker Plaid Is said to consider US IPO
Plaid Inc., a technology company whose network helps fintech apps connect to customer accounts, is considering an initial public offering,...
AI in trading can be risk for financial markets
Financial regulators and industry experts alike are paying attention to how the industry is using AI agents for trading activity. Some fintechs such as Robinhood have...
Meta is building a cloud business to sell excess AI compute
Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and...
Agentic AI acquisition roundup: Backbase acquires Kasisto
The AI acquisition market is changing as acquirers look for technology that is beyond a prototype and AI-native targets become scarce. Global deal value is...
Temenos to turn traditional bankers into developers
The days of requiring technical specialists to build a new banking product could be numbered. Digital banking service provider Temenos plans to launch a product manager tool within its...
Feeding the beast: 3 keys to data quality in the AI era
An effective AI model starts with quality data, forcing financial institutions and fintechs to hone their data strategies for specific use cases. ...
JPMorgan’s Lake exits, setting up new race to succeed Dimon
JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents as the abrupt departure of consumer banking chief Marianne...
Data center surge brings risk for states and munis, Moody’s Says
A flood of data center projects with their heavy power and water demands are introducing credit risks for state and...
Oracle cut 21,000 jobs in 12 months, says AI replaced some roles
Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including...
