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20 results for "fintech"
At Canada Fintech Forum, RBC and Cohere executives laid bare why AI that works in demos fails at mass customer scale: inference costs, regulatory review backlogs, and legacy systems not built for AI.
Every one of Q1 2026's ten largest InsurTech deals went to AI-first firms — and underwriting timelines are collapsing from days to minutes as a direct result.
Mastercard, ING, and Worldline have completed Europe's first live end-to-end agentic payment—real money, production infrastructure, one human approval.
AI-related conduct incidents in financial services now average $14 million per event, and C-suite concern about AI risk jumped from 16% to 56% in a single measurement period—with 73% of firms relying on human-AI hybrid oversight for high-stakes decisions.
Banks and fintechs hold the richest AI training data in any industry, but most have built fragmented AI systems that can't share information — squandering a structural advantage best-in-class institutions are already monetizing.
Experian has built an agentic AI operating system embedded in its credit platform that lets financial institutions automate lending decisions and fraud detection with built-in governance and audit trails.
A new nCino report finds 84% of banking executives claim enterprise AI deployment, but most are measuring adoption rather than ROI — and legacy systems are consuming 70% of the IT budget needed to change that.
Brazil became the first country to let citizens query their own bank accounts using ChatGPT and Claude, connecting AI assistants to the country's regulated open finance consent framework.
Augustus, led by CEO Ferdinand Dabitz, is positioning itself as the world's first AI-native clearing bank — built from the ground up on agentic AI, with no legacy infrastructure to retrofit.
OpenAI launched personal finance tools for ChatGPT Pro subscribers, connecting to over 12,000 financial institutions via Plaid — putting AI directly inside your bank data.
Fiserv, the infrastructure company powering thousands of banks and credit unions, is partnering with OpenAI to embed AI agents in KYC screening, month-end close, and customer service workflows.
Machine learning drives loan approvals worldwide, but legal accountability frameworks built for human underwriters haven't been updated for algorithms operating at scale.
NatWest named eight startups for its 2026 Fintech Programme — five of them autonomous AI agents. It signals UK banking's shift from AI assistants to AI systems that act independently.
FIS is deploying Anthropic-powered AI agents into credit decisioning, AML compliance, and fraud prevention across 20,000 financial institutions — one of the broadest AI distribution deals in banking to date.
Exclusive American Banker research finds agentic AI is in production across credit underwriting, fraud detection, and customer service at leading banks — and stablecoin adoption is outpacing expectations alongside it.
Major banks have crossed a threshold in 2026: autonomous AI agents are running in production across lending, fraud detection, and compliance — not just pilots.
A new NVIDIA survey finds 89% of financial services firms plan to increase AI investment over the next 12 months, up from 65% last year, as the industry shifts from experimental pilots to measurable returns.
More than 55% of Americans used AI tools for financial tasks in the past year, with 86% reporting improved understanding of their finances — marking AI's arrival as everyday infrastructure in personal money management.
Global banks are investing record sums in AI while deploying almost none of it at scale — held back by regulatory explainability requirements, legacy infrastructure, and model validation backlogs.
New data shows 55% of Americans used AI for financial tasks in the past year, with 86% reporting improved financial clarity. Globally, half of consumers across 23 countries used AI for savings and investment decisions in six months.