FIS sees need for chief trust officer role in age of AI
FIS has appointed a chief trust officer, a recognition that in regulated finance, trust — not data — has become ...
Tag: News
Wells Fargo consumer leader tapped for full-time AI role at bank
Wells Fargo & Co. tapped one of its consumer bank leaders, Saul Van Beurden, to fully focus on the company’s ...
AI ushers in era of rapid-fire software vulnerabilities
Mass cybersecurity disruptions, such as this week’s scramble by governments and companies to patch two critical software flaws, are about ...
Banks inclined to build ‘sovereign AI’ infrastructure, IBM CEO says
Large banks are increasingly unwilling to run sensitive AI workloads on public frontier models and are looking to keep their ...
All employees become managers when using agentic AI
The proliferation of agentic AI in banking workflows is turning employees at nearly all levels into managers as they work ...
Valley Bank efficiency ratio hits 5-year low, reflecting AI payoff
Valley Bank says its improved operational performance in the third quarter is thanks to its AI investments that span customer-facing ...
JPMorgan’s operating committee can veto AI projects over cybersecurity concerns, CIO says
NEW YORK — No AI initiative is more important than ensuring cybersecurity and data controls at JPMorgan. The $3.7 trillion ...
Barclays to cut 5K jobs in AI-fueled push to lower costs
Barclays Plc is cutting 5,000 jobs to reduce costs through the use of artificial intelligence, the latest large lender to ...
DLL offering ‘holistic’ financing for cybersecurity, AI investments
As cybersecurity investments become increasingly intertwined with AI, global equipment lender DLL is working to simplify financing options while navigating ...
Not enough AI investment would be ‘disservice’ to CapOne shareholders
Capital One aims to keep spending heavily on AI, even as its Discover integration begins producing the savings investors have ...
