Investment

Lloyds Banking Group said its system reduces false security alerts by up to 92%, and AI developments could further improve its performance.

Sympera AI, an agentic AI fintech founded by Personetics founder David Sosna, seeks to offer AI tools to banks looking to scale their relationship banking.

Artificial intelligence will make finance more efficient, reduce inefficiencies and empower professionals to do more with less. But the need for human judgment, leadership and risk-taking? That's not going anywhere.

Secretary of Defense Pete Hegseth's decision to halt operations against Russia could weaken intelligence important to banks defending against attackers.

The stock exchange has several hundred banks using its full suite of digital tools and 2,600 clients using its anti-financial-crime software, Friedman said.

The startup announced over $20 million in funding in January and plans to launch in the second quarter of 2025.

The alleged ringleader and 23 others face charges in a bank fraud scheme spanning three south-central counties.

The company, whose software tests AI-based lending models for bias and fairness, is receiving $10 million.

As the company asserts profitability and focuses on AI-powered checkout, its $95 billion high-water mark from the pandemic-era 2021 bubble is in sight, providing clues about broader investor demand.

Read more about cryptocurrency players struggling to access banking services and Elon Musk's weaponization of the Department of Government Efficiency.