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The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.

Technology

First Data Corp. raised $2.56 billion in its initial public offering, pricing the shares below the marketed range.

Atlanta, Georgia, USA Skyline Aerial Panorama

Atlanta Postal Credit Union's bid to acquire Affinity Bank marked the 11th deal overall this year involving a credit union buying a bank, matching the total for all of 2023. Separately, members voted against the merger of two credit unions in Indiana.

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Senate Banking Committee Holds Confirmation Hearing For Stephen Miran, Jeffrey Kessler, William Pulte, And Jonathan McKernan

The housing agency director told Sen. Cortez Masto a Federal Home Loan Bank reform review is ongoing and took issue with Sen. Warren's inquiries about meeting transparency.

Brex

Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.