Firms in the financial sector were more likely to face an AI-powered cyberattack in the last 12 months than any other sector, ...

According to the company's application, ABBYY was able to reduce the need for manual entry and matching, cut down on overtime and excessive labor costs related to invoice processing, and free up ...

Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation ...

As AI-powered fraud grows more sophisticated, financial institutions must rethink identity verification—leveraging smart ...

AI in financial decision making is emerging as the path forward. But the real opportunity lies in knowing how and where to ...

Corporate And Investment Banking | As AI penetrates deeper into banking, institutions look past its novelty to make sure ...

He made the remarks during his first hearing as chairman of the Senate Banking Committee’s Subcommittee on Securities, ...

According to a public statement, the bill, the Unleashing AI Innovation in Financial Services Act (HR 4801) would support the ...

"AI in financial services: The buzz, the boom, and the blind spots in security" was originally created and published by Retail Banker International, a GlobalData owned brand.

The financial services industry has made significant investments in AI, with $35 billion allocated to AI initiatives in 2023, $21 billion of which came from the banking sector alone.

• Real-Time Settlement Networks: In 2023, 266 billion real-time payments were made globally—up 42% year over year. Whether ...

Every company in every industry in every geography on Earth is trying to figure out how they are going to train AI models and ...