AI agent governance takes focus as regulators flag control gaps
Australia’s financial regulator has warned financial firms that AI agent governance and assurance practices are poorly governed. The warning comes as banks and superannuation trustees expand AI in internal and customer-facing operations. The Australian Prudential Regulation Authority said it conducted a targeted review of selected large regulated entities in late 2025 to assess AI adoption […]
The post AI agent governance takes focus as regulators flag control gaps appeared first on AI News.
Canada’s Scotiabank preps for its AI future
Scotiabank has launched an AI framework, Scotia Intelligence, for data and AI operations that joins various platforms, data oversight, and software tools into a single instance. According to a press release from the bank, the stated purpose of Scotia Intelligence is to give employees, especially client-facing teams, access to AI under the bank’s existing governance […]
The post Canada’s Scotiabank preps for its AI future appeared first on AI News.
Companies expand AI adoption while keeping control
Many companies are taking a slower, more controlled approach to autonomous systems as AI adoption grows. Rather than deploying systems that act on their own, they are focusing on tools that assist human decision-making while keeping tight control over outputs. This approach is especially clear in sectors where errors carry real financial or legal risk. […]
The post Companies expand AI adoption while keeping control appeared first on AI News.
Experian uncovers fraud paradox in financial services’ AI adoption
The same technology that financial institutions deploying is being weaponised against them. That is the core tension running through Experian’s 2026 Future of Fraud Forecast, and it’s a tension the company is in a position to name because it sits on both sides of it. According to FTC data cited in the forecast, consumers lost […]
The post Experian uncovers fraud paradox in financial services’ AI adoption appeared first on AI News.
Glia wins Excellence Award for safer AI in banking
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 […]
The post Glia wins Excellence Award for safer AI in banking appeared first on AI News.
Assessing AI powered price forecasting tools in currency markets
As artificial intelligence becomes a driving force in financial prediction, the reliability of its forecasting tools faces increasing scrutiny. Many traders question whether claims of high accuracy translate into consistent results under live market conditions. Understanding how these AI systems are evaluated reveals important distinctions between performance in theory and practice. Few financial domains are […]
The post Assessing AI powered price forecasting tools in currency markets appeared first on AI News.
JPMorgan begins tracking how employees use AI at 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 […]
The post JPMorgan begins tracking how employees use AI at work appeared first on AI News.
AI agents enter banking roles at Bank of America
AI agents are starting to take on a more direct role in how financial advice is delivered, as large banks move beyond internal tools and into systems that support real client interactions. Bank of America is now deploying an internal AI-powered advisory platform to a subset of financial advisors, rolled out to around 1,000 financial […]
The post AI agents enter banking roles at Bank of America appeared first on AI News.
Palantir AI to support UK finance operations
UK authorities believe improving efficiency across national finance operations requires applying AI platforms from vendors like Palantir. The country’s financial regulator, the FCA, has initiated a project leveraging AI to identify illicit activities. The FCA is currently testing the Foundry platform from Miami-based software vendor Palantir. This three-month pilot costs upwards of £30,000 per week […]
The post Palantir AI to support UK finance operations appeared first on AI News.
Visa prepares payment systems for AI agent-initiated transactions
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. […]
The post Visa prepares payment systems for AI agent-initiated transactions appeared first on AI News.