Modernizing their tech stacks and COBOL coding language is a major task for financial institutions.  Created in the 1950s, Common Business Oriented Language —  COBOL — became the bedrock coding language ...

Financial institutions have established cloud partners and now those cloud providers are being tapped for agentic AI, Ravi Khokhar, executive vice president and ...

Anthropic on Tuesday announced a major expansion of its Claude artificial intelligence platform, introducing new capabilities for its Cowork tool ...

Even as financial institutions begin integrating AI agents into existing payments rails, it might be a good idea to develop ...

American Express is focused on developing agentic AI commerce this year as well as deploying gen AI for customer experience solutions.  The New York-based ...

ING is planning to embed AI and agentic AI into products, processes and interactions across its retail and wholesale operations.  Agentic AI enables a shift from automation to autonomy with its ability to take ...

FinAi News is pleased to announce that Amazon Web Services’ Nuwan Bandara, senior manager of solutions architecture in financial services, and Ramasamy Seranthaiya, senior solutions architect, will deliver ...

Mortgage lender Newrez is set to deploy fintech Valon’s AI-driven mortgage servicing tool to more than 4 million homeowners.   Valon’s AI-native platform, which automates ...

As banks scale their AI initiatives, the security risk posed by “shadow AI” is looming.  Shadow AI is defined by IBM as “the unsanctioned use of any AI tool or application” by employees without formal approval or oversight ...

Oracle is deploying AI agents at breakneck speed to keep up with high demand from financial institutions, with the expectation of having 130 agents live by the end of May.  The ...