Paymentus Says AI Can Multiply Incumbent Banking Advantages
PYMNTS reports Paymentus views AI as a force multiplier for incumbents that own valuable payments and banking data.
Banking
AI Poses Growing Threat to Banking and Personal Finance Security
AI's rapid advancement is raising risks of large-scale attacks on financial infrastructure and targeted fraud that can drain individual bank accounts.
Trump Officials Encourage US Banks to Test Anthropic's Restricted Mythos AI Model
Treasury Secretary Bessent and Fed Chair Powell summoned bank CEOs to discuss testing Anthropic's Claude Mythos, as US officials explore AI model deployment in the financial sector.
Bessent and Powell Warn Bank CEOs of Cyber Risks From Anthropic's Mythos Model
US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held an urgent meeting with Wall Street bank CEOs to warn of cybersecurity risks posed by Anthropic's Mythos AI model.
JPMorgan Chase Elevates AI Spending to Core Infrastructure Status
JPMorgan Chase is now treating its artificial intelligence investments as core infrastructure, signaling a strategic shift to operationalize AI at scale. The bank is focusing its capital on boosting internal productivity, strengthening cybersecurity, and personalizing retail banking services.
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