American Heritage Credit Union is working with multiple AI providers to enhance customer-facing and internal processes, with fintech Kinective acting as the centerpiece.   ...

Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the ...

Mastercard is building AI agents for banks to enhance product recommendations, highlighting the payments network’s heightened focus on agentic advising solutions. ...

Royal Bank of Canada is deploying AI throughout its operations to drive productivity and to strengthen its position moving forward, both of which are increasing its token usage.   With increasing use of AI, the bank reported its AI token usage increased by 500% in its fiscal second quarter, ended ...

Wells Fargo‘s Wealth & Investment Management business has hired former Google AI leader Andre Mansour to lead its AI initiatives.  “I’ll be focused on shaping our AI roadmap, ...

Several community banks announced partnerships with AI providers this month as they prioritize compliance, operations and customer relationships.   Despite challenges facing smaller instituions, 86% of community banks are optimistic about AI, according ...

BMO Financial Group put AI at the center of its second fiscal quarter story, disclosing revenue and productivity gains as the bank pushes AI deeper ...

TD is using agentic AI for labor-intensive mortgage lending tasks including information synthesis and same-day mortgage approval.  TD’s agentic AI tool, built by the bank’s in-house AI ...

Online lender National Funding is using AI to ease borrower anxiety and meet small-business customers on their own terms.   As economic uncertainty weighs on businesses, the company is ...

Financial data aggregator Plaid created LendScore, its AI-driven credit risk tool, to provide an alternative to the slim view lenders get from traditional credit files.   AI-driven LendScore is built on cash flow and behavioral data drawn from more than 1 million financial transactions each day ...