8 stories tagged Banking
Itaú, Brazil's largest private bank, has launched ia.i, a conversational AI interface powered by OpenAI, and the IARA governance platform to deploy generative AI across its entire customer and employee base in a highly regulated financial sector.
ServiceNow invested $40 million in BusinessNext, an Indian AI-powered banking software specialist, valuing the startup at $700 million. The deal aims to accelerate global expansion of AI tools for fraud detection, compliance, and personalized banking.
AI agents are transforming banking at record speed, outpacing even the internet's adoption. The market for AI in banking is projected to reach $97B by 2027 and over $200B beyond, with the token $SERV positioned at the intersection of AI agents and banking.
MUFG is integrating ChatGPT Enterprise to streamline operations and create new AI-driven financial services. This move aims to make the bank more efficient and innovative in serving customers.
OpenAI has introduced a new version of ChatGPT that helps manage personal finances. Users can connect their bank accounts to track spending, subscriptions, and investments in one place. This is a significant step towards AI-powered financial management.
OpenAI is introducing a feature that allows ChatGPT to connect directly to your bank accounts through Plaid. This move aims to streamline financial management but raises significant trust and security questions.
Singular Bank created an internal AI assistant called Singularity that uses ChatGPT and Codex to help bankers save time on tasks like meeting prep and analysis. This tool automates routine work, allowing bankers to focus more on client interactions.
Gradient Labs has introduced AI agents powered by GPT-4.1, GPT-5.4 mini, and nano models to automate banking support workflows. This innovation promises low latency and high reliability for customer interactions.