Financial Services stories
The index provider is stepping up its AI push with a new board committee and a Silicon Valley office to speed product development.
Many firms are exposing sensitive data as shadow AI and weak controls leave them open to breaches, hallucinations and unauthorised access.
Production infrastructure teams can now deploy governed AI agents, after Itential opened FlowAI to general availability following six months of testing.
Banks can add fintech services without ripping out ageing core systems as DXC's CoreIgnite offers a single link to partners and networks.
Enterprises are turning to governed AI tools as Snowflake and Anthropic expand Claude access across Cortex AI for sensitive data workflows.
Enterprises testing AI agents in production will get parameter-level policy checks and step-up approval for risky actions through a new Ory-Tetrate setup.
Banks using ebankIT can now trigger extra checks when fraud risk rises, after AI-driven impersonation exposed gaps in one-off onboarding checks.
The update broadens Codex beyond coding, as non-developers use it faster than engineers for reports, dashboards and client materials.
Investors and sales teams gain a sector-level view of private markets, as demand for Crunchbase's predictive products drives 900% growth.
Enterprises in India and beyond stand to gain a single vendor for AI infrastructure and software as the firms target GCC demand and global expansion.
Tighter oversight is pushing card sponsorship beyond market entry, with RS2 arguing firms now need stronger controls over processing, fraud and settlement.
Retailers could save about $40 million a year if lower limits on company card interchange fees are adopted, easing checkout costs.
Early users will get access to dedicated hardware and tools as Niobium tries to make encrypted cloud computing practical for sensitive workloads.
The appointment signals a push to help regulated firms deploy AI agents without risking data leaks or unauthorised actions in sensitive systems.
The full rollout could reduce administration and compliance burdens for Patronus Partners as wealth managers look to join up legacy systems with AI.
Delayed approvals and error-prone payments are still hobbling UK finance teams, with only 15% saying accounts payable is fully automated.
Despite rising cyber maturity, most large organisations still lack basic protections against AI-specific attacks such as prompt injection, Wavestone says.
Quantum computing scale-up OQC will use fresh capital to expand overseas and develop systems as demand for commercial access grows.
Most firms have expanded customer-facing AI even as a survey found 77% fear their strategies could harm vulnerable customers.
Trust is now a commercial issue for insurers, as Consumer Duty and wary customers push them towards transparent AI and fairer claims handling.