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Latest AI BFSI news, analysis and insights from AIM Media House

FIS and InvestCloud Partner, Launch AI-Powered Wealth Management Tools for Financial Institutions.

By Ridhika Basnet | May 22, 2026

FIS looks to help firms modernize the front office while continuing to rely on the FIS platforms that power their operations.

JPMorgan Will Hire More AI Specialists and Fewer Bankers, Dimon Says.

By Sachin Mohan | May 21, 2026

"There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive."

BankSouth Partners with FIS to Launch AI-Driven Banking Solutions

By Ridhika Basnet | May 21, 2026

FIS, a prominent name in the financial technology sector with a history of serving fintech solutions for more than 50 years, will be providing multiple fintech services to BankSouth for its tech re...

Brookfield Sees $7 Trillion AI Infrastructure Buildout Over Next Decade

By AIM | May 19, 2026

Brookfield Wealth Solutions says AI infrastructure could require $7 trillion in capital over 10 years as power, compute, and connectivity demand accelerates.

Fiserv Launches agentOS To Let Banks Deploy, Build, and Govern AI Agents

By Sachin Mohan | May 18, 2026

"agentOS is the first place where banks can run Fiserv's agents, build their own, and deploy from a curated set of partners, all under the same governance, identity, and audit controls."

UnitedHealth Tracks Employee AI Usage as It Expands Automation Push

By AIM | May 18, 2026

UnitedHealth is monitoring employee AI tool usage inside Optum as it scales automation across claims, coding, and healthcare operations.

IFC Publishes Roadmap for Accelerating AI Investment in Emerging Markets

By Sachin Mohan | May 11, 2026

The handbook is authored by Lana Graf, Anastasia Nedayvoda, and Eveline Smeets from the World Bank Group's Digital and AI Vice Presidency.

EverQuote Sees LLMs as the Next Big Source of Insurance Buyers

By Sachin Mohan | May 11, 2026

EverQuote reported Q1 2026 revenue of $190.9 million, up 15% year-on-year.

Root Says AI-Native Insurance Model Drove Record Quarterly Profit

By AIM | May 9, 2026

Root reported its most profitable quarter in company history, with executives tying underwriting gains and distribution growth to AI-driven pricing, claims, and embedded insurance partnerships.

Moody's Launches AI to Fix Insurance's Manual Data Nightmare

By Sachin Mohan | May 8, 2026

Risk Data Refinery accepts insurance submissions in Microsoft Excel, text, CSV, and PDF formats across multiple languages.

Wells Fargo Is Using AI to Fight the Fraud That AI Created

By Sachin Mohan | May 8, 2026

"Intelligence on top of transactions."

Sun Life Expands AI Across Insurance And Wealth Operations In Q1 2026

By AIM | May 8, 2026

Sun Life reported $1.05 billion in underlying net income for Q1 2026 as the insurer expanded AI-enabled underwriting, customer service, and wealth operations while increasing its exposure to privat...

Dave Revenue Jumps 47% as CashAI Drives Record Credit Performance

By AIM | May 8, 2026

Dave reported 47% revenue growth in Q1 2026 as its CashAI underwriting system helped push delinquency rates to a record low.

American Express Just Launched Free AI Training for Small Businesses Globally

By Sachin Mohan | May 7, 2026

"AI can be a powerful tool for small businesses when it's used in practical, everyday ways."

Charles Schwab Launches AI Tool for Portfolio Insights and Market Context

By AIM | May 7, 2026

Charles Schwab rolled out a generative AI feature that explains portfolio movements using market news, research commentary, and account data.

FIS and Anthropic Bring Agentic AI Into Banking Through Financial Crimes Platform

By AIM | May 7, 2026

FIS and Anthropic launched a financial crimes AI agent for banks, positioning compliance infrastructure as a core battleground in enterprise AI.

Verisk Brings Regulatory-Grade Insurance Analytics Into Claude Through MCP Connectors

By Sachin Mohan | May 6, 2026

"Trust is the foundation of insurance, and that doesn't change as new technologies emerge."

PayPal's AI Wake-Up Call Is About to Cost 4,500 People Their Jobs

By Sachin Mohan | May 6, 2026

"The changes that AI will enable us to do are going to be very significant."

Paymentus Launches Billeo and BillWallet to Turn Bills Into AI-Powered Service Experiences

By Sachin Mohan | May 5, 2026

"We believe that BillWallet and Billeo will make every interaction clear, fast, and secure, delivering an intelligent, autonomous service experience that did not previously exist."

U.S. Bank's AI Chief Says Scaling AI Is Inevitable. The Only Question Is How.

By Sachin Mohan | April 29, 2026

"Evangelize, educate, enable, and execute on AI efforts across the enterprise."