Investment

Every business needs a competitive advantage. But for banks their core product, money, is by definition commoditized. So where do banks find an advantage?

Columbia caught the attacker still inside its systems on Dec. 19, three days before the access window closed, then took four months to notify customers.

As Americans lose more money to scams every year, the nation's largest bank has made a major investment in anti-fraud efforts.

The two banks are among the large firms that are pouring $4 billion into DeployCo, a large-scale enterprise artificial intelligence venture born out of OpenAI's acquisition of AI consultant Tomoro. Payment technology experts say the deal gives the banks improved access to development expertise as new forms of AI penetrate all aspects of banking.

First Interstate Bank and Boulder Dam Credit Union have begun piloting the new agents, which were built using AWS' Bedrock.

American Banker's AI Talent Shift survey of 206 banking professionals ranks AI fluency first and pure software-development skills last.

Machines are increasingly being handling back-office roles at Goldman Sachs and across Wall Street, leading to questions about potential job losses.

Financial institutions, regulators, and developers are aligning around a common goal of creating infrastructure that makes our global financial system faster, more efficient, and more secure.

The company's new CEO, and long-time chief technology officer, shares his views on why some banks are stuck in old ways of determining creditworthiness, how Upstart has been modifying its underwriting models and the objections people sometimes have to AI-based lending.

Plans were moving along smoothly for a new data center in Franklin County, Missouri — until residents found out about it. Now the project is facing a fierce public backlash, and a local community bank is caught in the crossfire.