Anthropic launches AI tool to modernize COBOL, IBM stock tanks
Gen AI provider Anthropic today launched a tool that helps financial institutions modernize their archaic coding language COBOL. AI code ...
Tag: IBM
AI drives 45% productivity gains at IBM
IBM’s AI investments paid off in 2025, clocking gains in internal production and client efficiency and setting the stage for new AI initiatives in 2026. ...
IBM rakes in $7.5B from gen AI offerings
IBM is seeing growth thanks to the wave of AI adoption across all major industries. AI remains a powerful driver ...
IBM server said to eliminate scheduled downtime, expense
IBM today introduced its IBM Power11 server, which the tech giant says allows enterprise clients, including banks, to avoid scheduled ...
Over 25% of institutions will deploy agentic AI this year
Agentic AI is becoming commonplace in financial services as tech providers emerge with end-to-end agentic frameworks. More than 25% of ...
UiPath’s agentic AI platform could streamline FI workflows
Software giant UiPath is rolling out an enterprise-grade agentic AI platform designed to serve as a liaison between AI agents, ...
NatWest to use $96M of expense savings on digital expansion, AI
NatWest is focused on shrinking its physical footprint in 2024 and will use the savings to invest in new technologies ...
From 8% to 80%: Gen AI use by FIs to surge by yearend
Banks are taking a holistic approach to generative AI integration this year with nearly 80% of FIs projected to adopt ...
IBM gen AI business reaches $3B in Q3
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in ...
IBM to acquire HashiCorp. Inc for $6.4B
IBM plans to acquire cloud services provider HashiCorp for $6.4 billion in cash. HashiCorp has expertise in deploying multi- and ...
