Payments company Block’s second-quarter earnings call showcased the company’s strategy about how AI will reshape how it builds software and, increasingly, how it underwrites risk. During the...
Online lender Upstart is gaining efficiency and better quality originations using AI. “We as a company, we've been working on this particular type of AI relevant to...
HSBC is deploying AI to drive efficiency as it focuses on developing cyber resilience and restructures its operations. The London-based bank aims to decommission or re-engineer nearly 50% of its legacy apps...
The world's largest cloud providers used their latest quarterly reports to tell Wall Street the same thing: AI infrastructure spending...
Despite economic uncertainty and low liquidity in certain sectors of the economy, fintech funding has been relatively robust as several AI providers secured money this month. ...
The Federal Reserve’s benchmark interest rate held steady on July 29 in a 9-3 vote, as new Chairman Kevin Warsh pointed to surging AI-driven capital investment as a defining feature of the economic...
ING Bank is streamlining lending processes and client communication with agentic AI. The Netherlands-based bank rolled out an agentic mortgages tool in the second quarter that helps consumers apply for a mortgage and submit documents while the bank...
Digital bank SoFi is launching a host of new products focused on lending, money management and investing. In the second quarter, the company launched SoFi Coach, a gen AI-driven smart financial guide tool that helps customers better understand their financial standing...
More than 90% of all issued loans processed at Happen Bank in the second quarter did not involve a person. That record was driven by AI and machine learning optimizations across the digital bank’s origination...
Extend, the virtual card and spend management platform, has put AI to work around the clock — especially the hours when...
