U.S. Bank says it is giving customers a quicker way to shift recurring payments to a debit or credit card. Payment Switch, announced Monday (Oct. 19), lets consumers transfer payments for things like utility bills or streaming services to a U.S. bank debit or credit...
Mexico-based B2B financial platform Kapital is set to acquire artificial intelligence startup Woz. The $30 million deal is designed to strengthen Kapital’s financial ecosystem with the addition of Woz’s advanced coding agents for “complex business use cases,” the company said in a Monday (Oct. 19) news release. “Kapital was...
Mastercard has chosen spend management/virtual card FinTech Extend as one of its financial operations platform partners. The collaboration, announced Monday (Oct. 19), is designed to bring new spend and expense management tools directly to commercial card issuing banks in the U.S. and Canada. “Banks start...
A customer who hands a login to an artificial intelligence agent now gets turned away at four of the biggest names in banking in the United States. Charles Schwab sees the attempts firsthand. Across all its clients, the brokerage blocks the big, unauthorized AI agents,...
The Department of Homeland Security (DHS) has issued an order banning federal civilian agencies from acquiring products and services developed by DeepSeek and requiring them to remove the company’s products from their information technology. DHS included these requirements in a notice of order posted Tuesday...
Israeli startup doubleAI is reportedly set to introduce what it describes as a new category of artificial intelligence (AI). The company, whose backers include Nvidia and Dell, calls this new category “code execution” models (CEMs) which place the AI “between code and silicon,” the Wall Street Journal (WSJ) reported Monday (Oct....
U.S. stock exchanges are preparing to extend trading to 23 hours a day, five days a week, creating new opportunities for investors while requiring financial firms to adapt their technology, risk controls and overnight operations. The Securities and Exchange Commission (SEC) has conditionally approved expanded...
The banking industry will respond to the rise of artificial intelligence-driven cash optimization tools by using relationships with customers and offering the same services these tools offer, with the added benefit of bank-grade information security, Fifth Third Bancorp Chairman, CEO and President Tim Spence said...
Banks campaigning to prevent stablecoins from draining their deposit base may already hold a simple but powerful competitive tool. A new working paper published by the Bank for International Settlements (BIS) finds that higher bank deposit rates predict slower stablecoin growth, suggesting traditional lenders can...