AI’s growth leaves financial regulators struggling to catch up
Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption...
European Central Bank taps Feedzai’s AI tools for fraud, AML detection
The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. The Lisbon-based Feedzai’s...
Fifth Third to buy Comerica in the year’s biggest US bank deal
Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, the largest US bank deal this year and a...
Fintech Ramp launches fraud fighting, bill payment AI agents
Spend management platform Ramp Inc. is enlisting artificial intelligence agents to help eliminate a growing problem for corporate customers: invoice fraud. Invoice fraud...
JPMorgan’s Dimon says AI cost savings now match money spent
Jamie Dimon said JPMorgan Chase & Co. spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount...
Inside Austin Capital Bank’s approach to AI, innovation
Austin Capital Bank Chief Executive Erik Beguin marries innovation and banking with an entrepreneurial mindset. Fifty of the $503 million bank’s 70 employees...