Investment

Kasisto, a provider of chatbots to banks, announced Thursday a $9.2 million Series A funding round led by Propel Venture Partners with participation from Mastercard and Commerce Ventures.

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

Disruptors have chased banks for years with the promise of easier and more social payments and other services, but only recently have they started wielding a weapon that should have incumbents worried, says investor Adam Dell.

Swedish mobile point of sale company iZettle has raised about $80 million in funding, in part from U.S. investors.

SoftBank's big bet on next-generation tech; Supreme Court hears surcharge arguments

Luminate Capital Partners has made an investment in Financial Information Technologies (Fintech), a company that sells data management, payment and software to the spirits industry.

DTCC Moving to the Blockchain; Goldman hires Wiesel as tech chief; Donald Trump's team divided

Even in the age of Watson, computers are still only as smart as the people who teach them.

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

The new year will ring in developments in the ways banks use chatbots and other artificial intelligence, and produce digital products and services.