Banking watchdogs are reportedly ramping up efforts to control increasing risks from artificial intelligence (AI). This heightened oversight is being driven in part by the threat of cyberattacks on banks or rogue AI agents hindering financial stability, Reuters reported Tuesday (Oct. 13), citing sources familiar...
Watch more: Need to Know with Bank of America’s Daniel Stanton Companies have upgraded their treasury systems while the payment networks, banks and data they rely on remain fragmented. The sheer number of ways to move money has increased. Wires and domestic clearing systems remain....
Watch more: What’s Next In Payments | Paymentology | Tim Joslyn Payments infrastructure has become an expert at answering questions centered on human behavior. Is this really the cardholder? Is this account authorized? Is the transaction fraudulent? Artificial intelligence agents introduce another question. Even if...
Watch more: Building a Trusted Foundation for Agentic AI Companies have spent the past several years making it possible for employees to safely use artificial intelligence to retrieve information, summarize documents and generate recommendations. Agentic AI is turning that operating model on its head because...
Every new payment rail, app feature or partner a bank adds has to be wired into the systems already running it. Most of that wiring is still done by hand, and so is the cleanup when a connection breaks. Mashreq is handing more of that...
Delta Air Lines’ loyalty program helped the company sustain its earnings while dealing with higher fuel costs during the quarter that ended in September, CEO Edward Bastian said Friday (Oct. 9) during an earnings call. “Our growing loyalty ecosystem is one of the most important...
For years, banks have sold investors on artificial intelligence (AI) with usage counts and hours saved. Few have said how much money it makes; at least, not on an earnings call. That is starting to change. Bank of America has 130 to 140 AI projects...
Meta introduced two new frontier models for personal and professional artificial intelligence agents, the company said in a Monday (Oct. 12) press release. Muse Wonder was made available Monday to developers and builders through the Meta Model API and Muse Code, while Muse Wonder Full...
Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell 5% year over year in the third quarter, LVMH Moët Hennessy Louis Vuitton announced in a Monday (Oct. 12) press...