AI

HSBC Australia Hit by $35 Million Fine Over Scam Failures

HSBC Bank Australia must pay a $35 million fine after admitting major gaps in its scam defenses. Some customers lost life savings due to these issues. The bank will...

PayPal Closes Venture Capital Unit in CEO Shakeup

PayPal is closing its venture capital arm. The move comes as new CEO Enrique Lores works to streamline...

New Stripe AWS Feature Lets AI Agents Pay for Content

Stripe and AWS have joined forces to let AI agents handle payments for online content. This change makes...

Gen Z Bank Loyalty Demands Daily Value to Prevent Switching

Gen Z is rewriting the rules of bank loyalty. They expect value every day or they move on...

UK Issues Record Fine for Russian Sanctions Breach

A UK fintech firm has received the country's biggest penalty yet for breaking Russian financial sanctions. The fine...
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Akuvo IQ Delivers Fresh AI Portfolio Intelligence

Akuvo has released a new tool called AKUVO IQ. This AI solution aims to give lenders better views of their loan portfolios. It focuses...

Investor Pointe Debuts AI Platform for Private Markets Firms

A new company called Investor Pointe has entered the market with an AI-enabled platform built for private markets firms. The launch aims to simplify...

FSB Consults Banks on Responsible AI Adoption Practices

The Financial Stability Board has opened a consultation on how banks should handle artificial intelligence. The move aims to set clear expectations for safe...

Plum Launches AI Tool for Lifetime Money Guidance

Plum has added a new service to its app. The Tool Uses AI to give users clear advice on money matters. It aims to...

ING Deploys Agentic AI to Speed Mortgage Decisions

ING has rolled out agentic AI to cut the time needed for mortgage approvals. The move targets faster processing for customers in the Netherlands....

Octus LevPro Deal Creates AI Credit Portfolio Tools

Octus has agreed to acquire LevPro. The move will combine LevPro with Sky Road to offer AI tools for credit portfolio work. Managers in...

Plaid Link Adds Fin AI Agent for Faster Support

Fintech users often contact support when payments or connections fail. Plaid Link now offers an AI tool to address these problems right away. The...

Santander AI MoU with G42 Focuses on Banking Solutions

Banco Santander has signed a memorandum of understanding with Abu Dhabi based G42. The deal covers cooperation in AI for banking uses. This step...

Interactive Brokers Adds Claude AI for Agentic Trading

Interactive Brokers has added direct access to Claude AI for agentic trading. This move lets users run automated trading tasks through an AI Agent....
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