As AI adoption in financial services takes off, financial institutions are approaching its deployment in myriad ways. Cincinnati-based Fifth Third’s tech strategy, for example, takes into account potential costs savings…
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the U.S. Federal Deposit Insurance Corp. to begin offering consumer loans directly through its Cash App Borrow…
Oracle has introduced advanced AI agents and agentic workflows to its Investigation Hub Cloud Service, enabling financial institutions to streamline financial crime investigations. The agentic AI capabilities help FIs: Analyze…
Software giant UiPath is focused on developing agentic AI solutions and is working with large enterprises for its mass deployment. “Agentic automation is transforming the way businesses operate,” Chief Executive…
AI and automation can unlock greater access to capital for underserved clients, lenders and venture capitalist investors agree. The rise of automated lending solutions was a recurring theme at the…
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new risks from the increasing use of artificial intelligence, including software…
Financial companies were rarely shy about their issues with the Consumer Financial Protection Bureau. But a largely shuttered consumer watchdog is creating its own problems for the industry. While the…
Bank Automation News will present the webinar “Emerging fintechs: New technologies you need to know now” on Tuesday, April 8, at 11 a.m. EST. Register here for the free webinar. In…
East Hartford, Conn.-based American Eagle Financial Credit Union is integrating core provider Alkami’s digital banking platform. The integration is part of the $2.5 billion American Eagle FCU’s digital-first strategy and…
LAS VEGAS — The Clearing House’s daily payment value has doubled since the payment network increased its payment limit from $1 million to $10 million on its real-time payment rail…