UKTN: Monzo reclaims top spot in banking league table
Congratulations to Monzo Bank who was ranked No 1 for Personal and Business by the CMA.
SciTechDaily: AI That Thinks Like Us: New Model Predicts Human Decisions With Startling Accuracy
Researchers at Helmholtz Munich have created an advanced artificial intelligence system capable of mimicking human decision-making with impressive precision.
Finextra: Lloyds to run two-month Data and AI Summer School for employees
Lloyds Banking Group is expecting to play host to tens of thousands of employees at a two-month Data & AI Summer School as part of a commitment to building a digitally-confident workforce.
Pymnts: Tech Billionaires Launch Erebor Bank to Fill SVB’s Gap
Erebor has been launched to take up the space occupied by Silicon Valley Bank as a go-to financial institutions for riskier start-ups and crypto firms that traditional banks might otherwise reject.
InvestorDaily: Major bank names new AI officer
Westpac has announced the appointment of Andrew McMullan as chief data, digital and AI officer, reporting to chief executive officer Anthony Miller.
Allisraelnews: Israeli startup seeks to become Microsoft of quantum computing
Quantum computing is at a similar point today as personal computing was at the start – it is powerful but hard to use.
Fintech Futures: OakNorth boosts GenAI adoption with OpenAI partnership
Continuing the trend of banks partnering with LLM vendors, OakNorth is the latest to do this with OpenAI.
CIO: Bank of America’s big bet on AI started small
One of Bank of America’s first AI programs 7 years ago was Erica.
PYMNTS: 42% of Suspicious Banking Activity Linked to Identity Fraud
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 crime.