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How a Legacy Financial Institution Went All In on Gen AI

Why did Moody's—a legacy financial institution built on risk assessment—move aggressively to adopt generative AI, an unproven technology? Because leadership calculated that the risk of standing still outweighed the risk of moving fast.

Ramya Patel of Amdocs Says Banks Embracing Agentic AI Stand to Gain Competitive Edge

Amdocs exec says banks that embrace Agentic AI early stand to gain a competitive edge, while those that hesitate risk being left behind.

NatWest seals milestone UK banking collaboration with OpenAI

NatWest and OpenAI have joined forces to enhance the lender's digital assistants and customer support processes using artificial intelligence, in the first collaboration of its kind with a UK-headquartered bank.

Huntington among banks using AI to help lure customer deposits

Huntington Bancshares Inc., Fifth Third Bancorp and Valley National Bancorp are among regional US lenders that use artificial intelligence tools to scrape customer data, helping them personalize deposit offerings as competition for customers' money intensifies.

The Finance Sector Is Hitting an Inflection Point With AI

Prudential Financial's Lauren Clement wonders if new breakthroughs in AI could completely disrupt how the industry has long relied upon artificial intelligence.

Fidelity (FIS) Debuts Treasury GPT AI Tool for Finance Automation

We recently published a list of 12 AI News Investors Should Not Miss This Week. In this article, we are going to take a look at where Fidelity National Information Services, Inc.

CommBank Expands AI Partnership With Anthropic

Commonwealth Bank of Australia (CBA) today announced an expanded strategic partnership and investment in artificial intelligence (AI) safety and

Blockchain 7month
As the US moves towards open banking, cloud technology is driving AI innovation

The US is going all-in on AI, with spending projected to hit a massive $120 billion by the end of 2025, a 26% annual gro