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US summoned bank bosses to discuss cyber risks posed by Anthropic’s latest AI model

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Federal Reserve, Jerome Powell, Technology, Technology sector, US news, World news

Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports.Bosses including the Federal Reserve chair, Jerome Powell, were said to […]

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Glia wins Excellence Award for safer AI in banking

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, credit unions, Finance AI, safe ai

Glia, a customer service platform providing AI-powered interactions for the banking sector, has been named a winner in the Banking and Financial Services Category at the 2026 Artificial Intelligence Excellence Awards. The awards recognises achievements in a range of industries and use cases, spotlighting “companies and leaders moving AI beyond experimentation and into practical, accountable

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JPMorgan begins tracking how employees use AI at work

ai, AI (Artificial Intelligence), AI Business Strategy, Artificial Intelligence, banking, enterprise, Features, Finance, Finance AI, productivity, World of Work

Banking house JPMorgan Chase is asking its roughly 65,000 engineers and technologists to use AI tools as part of their regular workflow. Business Insider reported that managers are tracking how often staff use these tools. That use may also influence performance reviews. The report states employees are encouraged to use tools like ChatGPT and Claude

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Revolut warns it risks backlash over support for energy-intensive AI and crypto

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Cryptocurrencies, Energy, Environment, financial sector, Revolut, Technology, UK news

Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month Business live – latest updatesThe UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in annual

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Visa prepares payment systems for AI agent-initiated transactions

agentic ai, ai, AI (Artificial Intelligence), AI Business Strategy, Artificial Intelligence, banking, chatbots, Features, Finance, Finance AI

Payments rely on a simple model: a person decides to buy something, and a bank or card network processes the transaction. That model is starting to change as Visa tests how AI agents can initiate payments. New work in the banking sector suggests that, in some cases, software agents may soon take on that role.

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E.SUN Bank and IBM build AI governance framework for banking

ai, AI (Artificial Intelligence), ai act, AI Business Strategy, AI in Action, Artificial Intelligence, banking, Features, Finance, Finance AI, governance, Governance, Regulation & Policy

E.SUN Bank is working with IBM to build clearer AI governance rules for how artificial intelligence can be used inside a bank. The effort reflects a wider shift in finance. Many firms already use AI for fraud checks and credit scoring, and some also use it to handle customer service queries. The new challenge is

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‘Convincing’ AI scams drove UK fraud cases to record 444,000 last year

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Banks and building societies, Business, Consumer affairs, Crime, Identity fraud, Money, Scams, Technology, UK news

Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says CifasCriminals are increasingly exploiting AI technology to take over people’s mobile, banking and online shopping accounts, the UK’s leading anti-fraud body has warned.Last year, a record number of scams were reported to the national fraud database, fuelled by AI, which

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Manulife moves AI agents into core financial workflows

agentic ai, ai, AI (Artificial Intelligence), AI Business Strategy, Artificial Intelligence, banking, Finance, Finance AI, Fintech, Generative AI

Large financial firms have spent years testing artificial intelligence in small projects, often limited to data analysis or customer support tools. The next phase appears to involve something more operational: systems that can take action in business workflows. Canadian insurer Manulife is moving in that direction as it works to deploy agent-based AI systems inside

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City Union Bank launches AI centre to support banking operations

ai, AI (Artificial Intelligence), AI Business Strategy, AI in Action, Artificial Intelligence, automation, banking, data, Features, Finance, Finance AI

Banks have spent years buying analytics tools and automation software. Now some are taking a different step: building internal spaces where AI can be tested directly on real banking problems. One example emerged in India this month. City Union Bank recently entered a four-party agreement to create a Centre of Excellence for Artificial Intelligence in

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JPMorgan expands AI investment as tech spending nears $20B

ai, AI (Artificial Intelligence), AI Business Strategy, AI in Action, Artificial Intelligence, banking, Features, Finance, Finance AI, investment, Machine Learning

Artificial intelligence is moving from pilot projects to core business systems inside large companies. One example comes from JPMorgan Chase, where rising AI investment is helping push the bank’s technology budget toward about US$19.8 billion in 2026. The spending plan reflects a broader shift among large enterprises. AI is no longer treated as a small

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