Penny Crosman

The banks top a list of the largest banks in terms of AI talent, innovation and leadership. 

Experts at Citi, Morgan Stanley and the London Stock Exchange have written a governance framework banks can use to mitigate the risks of generative AI.

The technology, which turns large language models into autonomous agents, could be a game changer for banks.

The bill would have forced several restrictions on the largest AI model providers, including a so-called "kill switch." A new version could restrict the riskiest uses of AI, such as for loan and hiring decisions.

As a public company, the neobank would have the capital support to keep growing quickly. It would also have to rein in costs and show a profit.

The company has signed an agreement to sell Continental Finance its entire card portfolio.

The banks are testing quantum computing's ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.

Sen. Edward Markey warns that biased AI algorithms are making decisions that deny mortgages to Black people. 

Investors and startups see the AI boom in financial services and across the economy driving the necessity for cleaner power.

Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.

A prominent AI expert says the risk of hallucination and error can never be completely eliminated. Experts at BBVA and Celent say those risks can be mitigated.

The company, a pioneer in AI-based lending, says improvements to its models and long-term commitments from the banks it works with will bring about positive returns in the third and fourth quarters. 

At a New York event, industry practitioners shared how they are addressing cultural, compliance and logistical objections to making loans based on bank account data.

A coalition of 105 organizations has analyzed the flow of financing to large, greenhouse-gas-emitting livestock operations and found these three banks do the bulk of loans. 

The bank has partnered with a fintech, Zentist, to give dentists a system that automates insurance and billing processes.

First Electronic Bank is using technology from Spring Labs to analyze its fintech partners' customer communications and identify problems.

Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?