Distyl AI raises $175M in series B round to take firms ‘AI-native’
AI solutions provider Distyl AI has raised $175 million in a series B round, hitting a valuation of $1.8 billion. The San Francisco-based...
Federal Reserve’s gen AI experimentation will take years, Powell says
Even an institution as steeped in tradition as the Federal Reserve is exploring use cases for gen AI. “Generative AI has all the...
EU banks wary of US cloud, AI amid rising geopolitical tensions
Many financial institutions across the pond are looking to reduce their reliance on U.S. tech providers as geopolitical tensions rise between the United...
New risk network supports fight against AI-powered fraud
As AI improves, it is opening the door for better risk mitigation — but also for increasingly sophisticated fraud schemes as bad actors...
FIs take notice as stablecoin adoption expected to jump 54%
Stablecoins have seen a resurgence in use cases since July’s passage of the Genius Act, which set up regulatory guardrails for crypto. “There’s...
FIS acquires Amount to boost its digital banking solutions
FIS has completed its acquisition of Chicago-based fintech Amount, marking a strategic expansion of its digital banking capabilities, according to a Sept. 24...