Technology

Investors in a panic about private credit valuations need to draw a distinction between funds backing AI-threatened software companies and those whose collateral includes the hard assets of frontier AI companies themselves.

"Ultimately, adoption and embedding in a company is going to be the differentiator for many firms on whether or not they're successful with AI," said BNY CEO Robin Vince.

Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.

Coastal Financial, which has added Pliant as a client to support the German fintech's U.S. ambitions, says there's still a need for partners to ease compliance and automation.

The order stops New York projects at the door. It does not reach the loans and bonds already financing the buildout.

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.

Alex Karp told CNBC the frontier model providers are charging too much for tokens and taking customers' intellectual property. Here are the risks to bankers' strategies.

The card network's AI Financial Assistant uses information from 257 billion yearly transactions to inform "conversational" advice embedded in banking apps.

The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.