Morgan Stanley has built its in-house AI tool to tackle a difficult coding problem: reworking old legacy code into more updated coding languages.
Westpac has announced the appointment of Andrew McMullan as chief data, digital and AI officer, reporting to chief executive officer Anthony Miller.
Lloyds Banking Group is building on its AI strategy with the appointment of Aritra Chakravarty from JIFFY.ai as head of agentic AI.
Continuing the trend of banks partnering with LLM vendors, OakNorth is the latest to do this with OpenAI.
Citadel’s CTO says AI won’t generate lasting alpha for hedge funds.
After aggressively pursuing an AI-driven workforce reduction strategy, Klarna says it is “evolving” the strategy and hiring customer service employees in an acknowledgment that people… Read More »Finextra: Klarna takes foot off AI gas as CEO acknowledges importance of human customer service
One of Bank of America’s first AI programs 7 years ago was Erica.
As fraudsters leverage sophisticated tactics, including artificial intelligence (AI)-powered identity manipulation, the FinTech sector finds itself in the crosshairs of an escalating battle against financial… Read More »PYMNTS: 42% of Suspicious Banking Activity Linked to Identity Fraud
As banks expand their digital capabilities, the gap between technology ambitions and workforce readiness is widening.
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