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The super-regional bank is increasingly building AI on its own. The point, CEO Bill Demchak said this week, is not just to foster innovation but to protect the bank from rising costs.
June 11
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The blockchain fintech acquired the real estate lender through a joint venture to tokenize housing loans and test its new AI-powered onboarding agent.
June 11
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With the big card networks and Coinbase pushing the new form of artificial intelligence, the blockchain company is offering a tool kit to enable AI agents to perform transactions.
June 11
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A federal judge let fraud claims against Meta proceed, finding its AI ad tools may have helped build ads that impersonated a Bank of America executive.
June 11
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Most banks are unprepared to stop or report an AI model run amok, a Wolters Kluwer study found.
June 10
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The digital bank released a treasury management system for its business users powered by a robo-adviser.
June 10
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The Dutch payment processor says that overall declines in payments crime obscure a broader danger as the threat migrates to hard-to-spot consumer uses and AI.
June 9
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Citi, DTCC and others are quietly using Hyperledger Besu as a neutral, enterprise-grade blockchain for tokenized deposits and collateral. Daniela Barbosa, general manager of decentralized technologies at the Linux Foundation, explains why.
June 9
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An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train on the data.
June 8
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Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.
June 8
