Banking

Cloudflare outages spur concern among banks about AI resiliency

Financial institutions are concerned about the resiliency of their AI operations after core internet service provider Cloudflare suffered its second outage in a...

Block expects profit growth to accelerate over next three years

Block Inc. expects profit growth to accelerate over the next three years as Jack Dorsey’s payments firm anticipates launching products at a faster...

PNC using agentic AI in software development

CHICAGO — PNC is introducing agentic AI into software development and seeing tangible returns, Charaka Kithulegoda, chief information officer and executive vice president...

Mastercard to enable agentic AI payments for all US issuers by yearend

Card giant Mastercard plans to provide its AgentPay gen AI solution to all its card issuers as demand and use cases for agentic...

Truist names Pascal Belaud chief AI and data officer

Truist has appointed longtime Microsoft executive Pascal Belaud as its chief AI and data officer, the company said Nov. 19. He will begin...

Ipava State Bank taps Vine for AI-driven underwriting platform

Ipava State Bank has selected Vine Financial’s commercial lending accelerator to transform its underwriting process through artificial intelligence, the Austin, Texas-based fintech announced...