Banking stories
Customers can now move money in seconds at any time, as SoFi becomes one of the first banks to support both FedNow sending and receiving.
Banks and credit unions under pressure to adopt AI can now deploy governed agents in production, with MX partnership support and seed backing.
The move gives the payments group a direct role in securing early transactions on a network built for real-time and machine-to-machine payments.
Banks could cut manual treasury work for business clients as the new link feeds ERP and accounting data straight into banking systems.
The bank says the new framework is already routing 90 per cent of commercial emails and cutting manual work by 70 per cent.
The insurer’s Asia Pacific digital and embedded insurance arm already spans more than 100 partners, including Cathay Pacific and Trip.com.
The bank is positioning itself for long-term risks and opportunities in quantum, from encryption to fraud detection, through new North American partnerships.
Higher balances and faster transfers are helping Wise deepen its cross-border network as it prepares a Nasdaq primary listing in 2026.
The bank says the AI system will cut call handling times and wait times by surfacing customer details instantly for staff.
Banks using Oracle’s compliance software will get AI-led case handling, as the deal aims to cut manual work in money-laundering probes.
Banks risk wasting AI spending unless they first map how work really flows, as Celonis says process intelligence is becoming phase zero.
Banks and government agencies face a wider mobile fraud threat after researchers tied fake Android apps to a Cambodia scam compound.
Banks and insurers could cut implementation times from months to weeks as FintechOS 8 adds governed AI and new product operations tools.
Household budgets remain under strain as many cut essentials, dip into savings and miss payments, with £23 billion in support unclaimed yearly.
The London start-up is adding senior AI expertise as wealth managers seek secure tools that fit regulated workflows without replacing core systems.
Banks face tighter proof demands under the EU AI Act as Ataccama adds pipeline checks to log data quality at the point of use.
Fraud fears in Canada’s online classifieds may ease as buyers and sellers on Kijiji can now verify their identities before trading.
Regulated firms in France and across Europe can keep sensitive workloads under local control while using Google Cloud-based services for less sensitive tasks.
Scam losses may top USD $1 trillion a year, forcing banks to use real-time intelligence and customer data to curb authorised push payments.
Quick answers are winning out over professional fees, with 26% of UK sole traders now using AI for Making Tax Digital guidance as rules tighten.