Backbase Launches the AI-Native Banking OS – Defining a New Category for Agentic Banking
- 1 day 3 hours ago
- Artificial Intelligence
Backbase today launched the AI-native Banking OS — the most significant evolution in the company's 22-year history, establishing a new market category in banking technology. The Banking OS introduces the Unified Frontline: the operating model for AI-native financial institutions, where customers, employees, and AI agents collaborate as one - across digital channels, front office, and operations.
VAST Data Valued at $30 Billion as AI Drives a New Infrastructure Stack
- 1 day 10 hours ago
- Artificial Intelligence
VAST Data, the AI Operating System company, today announced the closing of its Series F financing at a $30 billion valuation, representing more than a threefold increase from its $9.1 billion Series E valuation in late 2023.
FCA Announces Second Cohort for AI Live Testing
- 2 days 3 hours ago
- Artificial Intelligence
Eight new firms, including Barclays, Experian, Lloyds Banking Group (Scottish Widows), and UBS, have been chosen by the FCA to live test AI applications to support safe and responsible deployment. The FCA is working with its technical partner Advai, a London-based specialist in automated AI assurance, to provide AI Live Testing. This initiative helps successful applicants explore key questions around risk management and live monitoring to... more
Fime Launches FACT: The First Trust Layer for Agentic Commerce
- 3 days 4 hours ago
- Artificial Intelligence
Fime today announces the launch of FACT (Framework for Agentic Commerce Trust), the industry’s first trust layer designed to enable financial institutions, merchants and the payment ecosystem to securely manage transactions initiated by artificial intelligence (AI) agents.
Lloyds Expands Responsible AI Expertise as It Advances Its AI Journey
- 3 days 5 hours ago
- Artificial Intelligence
Lloyds Banking Group is strengthening its Responsible AI capability as it progresses into the next phase of its AI strategy, with a series of specialist hires to deepen its expertise in governance, research and assurance.
Moonfare Launches New AI-Focused Technology Strategy
- 4 days 4 hours ago
- Artificial Intelligence
Moonfare, the global private markets platform and manager, is pleased to announce the launch of a new AI-focused early and growth stage strategy designed to provide diversified exposure to artificial intelligence and transformative innovation. The strategy will do this through a curated portfolio of leading growth managers, complemented by direct investments into category-leading technology companies.
Starburst Announces AI Data Assistant (AIDA): The First AI Assistant That Reasons Across All Enterprise Data for Fast, Accurate Decisions
- 4 days 9 hours ago
- Artificial Intelligence
A new AI Data Assistant capability (AIDA), is set to help organisations move from static reporting to faster, more context-aware decision-making, according to Starburst, a leading enterprise intelligence platform. The company claims that AIDA enables users to explore and analyse trusted enterprise data using natural language, making it easier to turn questions into actionable insight. Applying AI to Business Decisions
Capsule Security Exits Stealth With $7M to Stop AI Agents From Going Rogue at Runtime
- 1 week 5 hours ago
- Artificial Intelligence
Capsule Security, a trust layer for agentic AI, today launched from stealth with a $7 million seed round led by Lama Partners alongside Forgepoint Capital International. Capsule secures the most unpredictable component in the AI stack at runtime. It prevents AI agents from being manipulated, misbehaving, or silently exfiltrating data when they access sensitive information and execute workflows inside the enterprise.
Alkami to Expand GenAI Capabilities With the Launch of Alkami Code Studio
- 1 week 7 hours ago
- Artificial Intelligence
Alkami Technology, Inc., a leading digital sales and service platform provider for financial institutions in the U.S., today announced the introduction of Alkami Code Studio, a new artificial intelligence (AI)-powered development capability that underscores the company's continued investment in generative AI and open architecture as part of its Digital Sales & Service Platform strategy.
45% of Finance Leaders Still Lack Minimum Rules for AI Use
- 1 week 2 days ago
- Artificial Intelligence
Almost half (45%) of organisations that consider themselves ‘AI leaders’ lack the baseline governance needed to safely scale AI in finance workflows, according to new research from Payhawk.
Scotiabank Launches Scotia Intelligence, Empowering Employees and Accelerating Enterprise AI Adoption
- 1 week 3 days ago
- Artificial Intelligence
Scotiabank announced the launch of Scotia Intelligence, a unified enterprise approach designed to accelerate the Bank's AI evolution and equip employees with secure, scalable data and AI capabilities.
Basware Launches AI Agent Training for Finance Professionals
- 1 week 3 days ago
- Artificial Intelligence
Basware, the global leader in Invoice Lifecycle Management (ILM), has launched AI agent training to prepare Accounts Payable (AP) professionals for the future of finance. The new certification program is a foundational step toward building finance teams for the future, where humans and AI collaborate to drive smarter, faster, and more strategic outcomes. Meet your New Digital Teammates
Jump Expands Partnership With Perennial Financial Services to Deploy AI Operating System Firmwide
- 1 week 3 days ago
- Artificial Intelligence
Jump, a leading artificial intelligence (AI) operating system for financial advisors and other financial services providers, today announced an expanded partnership with Perennial Financial Services (“Perennial”), a next-generation registered investment advisory (RIA) platform built to attract and empower the industry's top independent advisors across the country.
Citi Wealth Deploys AI-Powered Technology to Enhance Client Experience
- 1 week 4 days ago
- Artificial Intelligence
Citi Wealth today unveiled several new technology capabilities aimed at empowering advisors to deliver a more proactive, data-driven and personalized client experience. The new tools move Citi Wealth closer to its goal of building a unified, AI-driven layer of intelligence to support a client’s entire financial lifecycle.
Cathay FHC Advances AI Adoption Across the Group With OpenAI
- 2 weeks 1 day ago
- Artificial Intelligence
Cathay Financial Holdings (Cathay FHC) today announced a long-term strategic collaboration with OpenAI to strengthen the Group's core capabilities in AI research, deployment, and governance. Cathay FHC is the first financial institution organization to work with OpenAI at this scale to bring AI advanced capabilities into its operations in Taiwan.
