Generative artificial intelligence has usurped its traditional counterpart as the next growing technology taking the payments industry by storm.

The new z17 mainframe, unveiled in a launch event this week, also comes with quantum-resistant encryption.

Rather than trying to police the way banks' artificial intelligence models are designed, regulators should assess the results they produce and make sure they adhere to existing consumer protection rules.

The London bank is using Google's Vertex AI platform within Google Cloud to create generative AI models for customers and staff.

The second-largest U.S. bank is pushing generative artificial intelligence out to most employees while continuing to offer its more traditional AI-based Erica virtual assistant to customers, says tech executive Hari Gopalkrishnan.

Market data providers like Bloomberg and FactSet use generative AI to boost productivity for their users.

In a speech Friday, Federal Reserve Gov. Michael Barr said the advent of generative artificial intelligence promises to boost bank productivity, but banks should be careful in choosing AI partners to delineate data security responsibilities.

Employees are using ChatGPT without telling their managers and the IT team. That's not necessarily a bad thing.