Browsing: banks

Study says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading rise

Paolo Molesini thought he was helping his banking group’s CEO with an urgent overseas transaction. Instead, a WhatsApp message and an AI imitation of a lawyer’s voice persuaded him to approve transfers totaling €95 million, roughly $108 million, to scammers

September 29 (Hypepotamus) – Earlier this month, we dove into what made Atlanta a FinTech hub…and whether or not the city has the talent and support to hold onto its moniker as “Transaction Alley.”

Wall Street’s latest artificial intelligence fear for US banks is that AI agents might help customers get a better deal on their cash.

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the regional banks stocks, including Columbia Banking System (NASDAQ:COLB) and its peers.

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The fintech uses agentic workflows to automate the operational work behind business development, freeing financial services teams to focus on client relationships. Cate Lawrence21 minutes ago

Britain’s largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.

Sept 24 (Reuters) – Europe’s fragmented banking market is preventing lenders from achieving the scale needed to finance the continent’s digital, economic-security ‌and defence ambitions, the chair of the European Banking Authority told Reuters.

Meta Platforms (META, Financials) is highlighting the possible effects of agentic AI on financial services, as its Muse assistant is gaining acceptance among consumers.