For the first time in Europe, an artificial intelligence system has successfully completed a live payment within a banking network without any human input at the final step. Banco Santander and Mastercard confirmed that the transaction was initiated and finalized entirely by an AI agent operating within the bank’s regulated payments infrastructure. This breakthrough marks
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All posts tagged in AI in Finance
Artificial intelligence is everywhere these days, and the forex market is no exception. It’s changing how traders analyze data, make decisions, and execute trades. The rise of AI-driven tools means traders can now access insights and act on market signals faster than ever before. This shift is making forex trading more efficient, accurate, and accessible
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AI has become a core part of financial services worldwide. Most institutions have moved past testing phases and are now actively using AI in daily operations. Only a small handful still treat AI as an experiment. Recent research shows that nearly 98% of financial firms globally have some form of AI in place, highlighting how
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Most banking leaders considering AI often ask which vendor to choose. Booshan Rengachari, however, focuses on a different question: where should AI actually sit within payment systems? Rengachari founded Finzly in 2018 to modernize the outdated infrastructure many banks still rely on. Over the years, he noticed a common pattern: banks try to add AI
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Apple is gearing up to introduce Apple Pay in India, according to a recent report. The company is in talks with three Indian banks to bring its popular mobile payment service to the country later this year. This move could significantly expand Apple’s footprint in India, building on its existing hardware sales and ecosystem loyalty.
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Big banks are experimenting with a new kind of artificial intelligence designed to do more than just scan for keywords or follow fixed rules. Instead of relying solely on static alerts, some trading desks are starting to use systems that can reason through patterns in real time. These AI tools aim to spot suspicious trading
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Financial institutions are increasingly adopting AI to streamline their operations. While automated agents are proving useful, they often face challenges in providing clear explanations and consistent reasoning, especially in complex tasks. Improving the transparency and reliability of these AI systems is now a top priority for technology leaders in finance. Addressing the Opacity in AI
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MindBridge, a leader in artificial intelligence for financial analysis, has announced a new partnership with Genpact, a global technology solutions company. This collaboration aims to bring advanced AI-powered risk analytics into the world of enterprise risk consulting. The goal is to help organizations uncover deeper insights, improve financial assurance, and ensure ongoing integrity in their
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Experian, the global leader in data and technology, has announced the acquisition of AtData, a prominent data and intelligence firm known for its email insights technology. This move strengthens Experian’s capabilities in digital identity verification and fraud prevention. By adding AtData’s extensive email data, Experian aims to offer more reliable and real-time identity signals to
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Artificial intelligence is getting closer to making real transactions instead of just giving advice. A new test by DBS Bank shows how AI may soon handle purchases for customers. The bank is working with Visa to try out a system called Visa Intelligent Commerce, which lets AI software buy things on behalf of users. This
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