Rapid advancements of open-source models are prompting financial institutions to pull back on frontier-model usage and reevaluate their AI strategies.   ...

Two months after the limited release of Anthropic’s Mythos, banks and financial services companies are scrambling to patch cybersecurity vulnerabilities ...

AI can be a valuable tool in identifying and preventing chargeback fraud — a growing problem — but only if ...

Digital bank Nubank says it is reaping the benefits of developing its proprietary AI model and is investing in its ...

Agentic commerce is possible — proven by card giants Visa and Mastercard — but is it scalable?   Vineeth Subramanyam, global head of Spring by Citi, Citi’s merchant acquiring and payment acceptance ...

UniCredit Poland is implementing tech firm Flagright’s AI-native platform for financial crime compliance, continuing the trend of FIs increasingly turning ...

Finastra has spent the past year and a half shedding business lines that don't fit its narrowing focus on payments ...

Clients of networking and technology company Cisco spent more on security in the company’s fourth quarter, and company executives say ...

Most FIs use AI in some capacity, but many continue to place their trust in tried-and-true legacy security systems. “If ...

Customer engagement tech provider Glia is rolling out 25 AI agents to handle frontline customer service tasks for banks and ...