Technology

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.

Alex Karp told CNBC the frontier model providers are charging too much for tokens and taking customers' intellectual property. Here are the risks to bankers' strategies.

The card network's AI Financial Assistant uses information from 257 billion yearly transactions to inform "conversational" advice embedded in banking apps.

The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.

The biggest core providers have each tied their security to a frontier AI developer. The guidance that would govern any of it excludes agentic AI.

In pitting AI agents against historic 60-40 portfolio results, JPMorgan found AI won every time. But researchers could not rule out the possibility that the systems could have essentially cheated.

A group of 24 state-focused advocacy groups are banding together to form a national coalition to fight against industry lobbies as a federal EWA law threatens states' regulatory independence. Opponents of EWA say it resembles payday lending.

The HR software is used by scores of U.S. banks, including many of the largest ones. The case also raises broader questions about job candidate screening and who is liable when an AI tool causes disparate impact.

Caitlin Long, CEO of Custodia Bank, sits down with tech reporter Melinda Lucy to talk about the bank's launch of its on-chain Hazel Network in partnership with Vantage Bank, the stablecoins versus tokenized deposits debate and how the Hazel Network brings the two technologies together under a familiar legal framework for banks.