NEW YORK — Fintech Finastra is working with clients to deploy agentic AI within payments processes to boost efficiency and accuracy. The London-based company is collaborating with clients to identify what repetitive processes can be automated or streamlined through agentic AI, Chief Executive Chris Walters told Bank Automation News at the firm’s Americas Lending Day…
Financial institutions big and small are exploring AI, but before diving headfirst into the technology, they are learning from proofs of concept. Florida-based Ocean Bank, for one, is midway through an AI proof of concept (POC) addressing some of its biggest pain points alert volume and investigation time, Alex Sardinas, vice president and regulatory risk…
On 18th September 2025, GuavaPay announced that it has suspended all account activity for its MyGuava app and business platform in the UK. This action – taken in agreement with the Financial Conduct Authority (FCA) – means that thousands of MyGuava customers are suddenly left without access to full account services. Customers can no longer…
Utkarsh Somaiya, Caspar Siegert and Benjamin Kingsmore Climate change creates material economic and financial risks which central banks need to understand to ensure monetary and financial stability. Their interest in climate change has therefore skyrocketed, with almost one third of central bank speeches in 2023 referencing climate change. Central banks are typically responsible for ensuring…
Pine Labs Ltd., a digital payments provider in India, plans to raise as much as $700 million from an initial public offering in the second half of October, according to people familiar with the matter. The company, backed by Mastercard Inc. and PayPal Holdings Inc., has started roadshows for the planned initial share sale, the…
Real Time Payments volume continues to climb as financial institutions increasingly opt in to The Clearing House’s instant payments rails. There is a market shift from “if” a financial institution is going to implement instant payments, to “I definitely need an instant payments strategy,” Elena Casal, chief client officer at The Clearing House (TCH), told…
FundBank has selected fintech Temenos for its full banking technology suite. The $2.9 institution, which provides banking services to asset managers, will access the following banking services from Temenos: Core banking; Payments; and Data analytics on Temenos SaaS. Temenos’ cloud-native core architecture allows FIs to migrate their core operations at their own pace so banks…
Bank of America is investing in AI, deploying it for internal and external uses across the bank, looking to the next use cases. Last year, the $3.4 trillion bank invested more than $4 billion in its technology efforts, Chief Financial Officer Alastair Borthwick said Sept. 16 during the Bank of America Securities Financial CEO Conference….
AI-driven fintechs have been top recipients of venture capital funding in 2025, attracting $7.2 billion out of $44.7 billion of total global fintech funding during the first half of the year. Payments fintech were next, grabbing $4.2 billion of funding, or 9.4%, during the same period, according to KPMG’s Pulse of Fintech report, published in…
Agentic AI for financial services has arrived, but before going all in on the emerging technology, financial institutions have multiple considerations to address — including knowing how to get started. More than 80.5% of 3,300 finance and accounting professionals polled said AI-powered tools, like agents and generative AI, could become the standard tools for…
