archiveAI in finance

AI is no longer a fiction—it is emerging as one of the most powerful tools shaping our world. From optimizing enterprise operations to revolutionizing personal experiences, AI is transforming the way we live and work at an unprecedented pace. The experiment of bringing it into daily life is over for...

The financial services industry is entering the age of artificial intelligence, yet it must come to terms with the challenges that AI presents. Institutions need AI solutions that are not only smart but also reliable and transparent, capable of handling tasks ranging from regulatory compliance to fraud prevention and risk...

Bank of England Governor Andrew Bailey spoke of the importance of artificial intelligence (AI) in contemporary financial regulation in a recent lecture at the London School of Economics. He noted that regulators can often have deep data of their own but might not have the tools to mine and make...

Google has unveiled VaultGemma, its first large language model (LLM) that is trained to respect the privacy of user data. Building on the Gemma architecture, this new model represents a major step forward in ensuring that AI systems can learn from data without accessing sensitive information. With AI increasingly integrated...

In what could be a transformative development for how organizations handle their foreign exchange (FX) risk, the colossal global banking group Citigroup (Citi) and Ant International, Alibaba Group’s digital cross-border payment arm, have co-launched an innovative pilot program for an AI-based FX pricing solution. The new product hopes to assist...

Recent years will be remembered as a time when artificial intelligence (AI) stopped being a mere spectre of science fiction and fantasy, and started becoming a dominant force in the industrial world. The convergence of new technologies couldn’t be more readily apparent than with AI and cryptocurrency. With blockchain-based assets...

UK and Singapore building bridges for international cooperation on AI in finance. The UK’s Financial Conduct Authority and Singapore’s Monetary Authority met in London this week at their 10th annual Financial Dialogue. Fintech firms from both countries also stood together to present their latest AI solutions. Rather than amorphous pledges...