AI Is Expensive. Small Banks May Pay the Price
At the largest banks, AI is embedded in core workflows. For smaller institutions, the cost of keeping up may accelerate mergers
AI BFSI
Latest AI BFSI news, analysis and insights from AIM Media House
Goldman Says Young Bankers Are Still Core, But AI Is Changing What That Means
CEO David Solomon acknowledges time allocation and staffing may evolve as generative AI absorbs portions of entry-level banking work
JPMorgan Names Halamish as COO to Accelerate AI Implementation
Guy Halamish, who has spent more than 20+ years at JPMorgan, steps into this role with a focus on maximising the impact of AI.
AI Just Hit Wealth Management’s Core Business
A tax-planning tool from Altruist rattled Schwab and Morgan Stanley. Now the industry faces a cost-to-serve reckoning
James River Turns to AI After a Volatile Year
With its E&S combined ratio down to 88.3% in Q3 2025, the insurer embeds Kalepa into submission intake and risk triage
“We Can’t Afford Any Mistakes,” Says Bank of America Head of Digital Nikki Katz
Why accuracy, governance, and human oversight shape how Erica is deployed across the bank’s AI systems.
Bank of America Puts AI at the Center of Its Credit Card Growth Plan
The bank is using AI to reshape rewards and branch operations as it targets $20 billion in consumer profit
Goldman Sachs and Anthropic Team Up to Build AI Agents for Core Banking Tasks
Goldman Sachs is quietly turning its back office into a live testbed for Anthropic’s Claude-based AI agents, starting with trade accounting, compliance, and client onboarding.
At U.S. Bank, the Real AI Bottleneck Is Decision Design
The systems behind turning AI pilots into production tools
Fulton Bank Appoints Kelly Dearwester As Chief Data and Analytics Officer
"Our goal going forward remains the same. Creating long-term value by growing the company, delivering effectively for customers, and operating with excellence"
Can American Express's 175-Year Trust Legacy Survive Autonomous AI Transactions?
“The next big trend is agentic commerce. AI will help consumers not only find the best deals but also choose the best payment method"
Marsh Talks Up AI, but the Money Is in Infrastructure
Fourth-quarter results show AI embedded in productivity and restructuring, while data centers and structured capital drive growth expectations
Starr’s AI Strategy Runs Against the Insurance Hype Cycle
Fewer bots, fewer patents, and a sharper focus on claims, control, and regulation
Why Brex Was Worth It for Capital One
The acquisition fits into Capital One’s broader effort to build a payments-led platform
Zinnia Is Trying to Shrink Insurance AI’s Long Timelines
Modern data platforms can remove some delays, but governance still sets the pace
Banks Aren’t Laying People Off. They’re Just Not Rehiring Them
How Bank of America is letting attrition do the work
The Bar Has Been Raised After Jane Fraser’s Message to Citigroup
"We are not graded on effort. We are judged on our results."
JPMorgan Opens Its AI Playbook to Clients
The bank’s new advisory group draws on internal AI systems already running across the firm
How AI Slips Into Insurance Without Touching Risk
Deployments like M3 Insurance’s adoption of SimplePin show how brokerages automate payments before underwriting
Bank of America’s Brian Moynihan Is Making the Case for Slower AI
“It’ll be a little slower build-out, but a very relentless build-out.”