AI In Banking
Latest news, explainers and analysis on AI In Banking. Tracking 8 stories on Arth Vani.
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Latest on AI In Banking
Red Hat, Accenture at Sibos 2026: Open Source Key to Secure AI in Banking
At the Sibos 2026 conference, Red Hat and Accenture are set to discuss how open source transparency and strong industry collaboration are vital for driving secure Artificial Intelligence (AI) innovation within the banking sector. This approach aims to enhance security and build trust in AI applications used across financial services.
UK's Starling Bank Deploys AI Investigator, Fights Financial Crime in 17 Seconds
UK-based digital bank Starling has launched an advanced AI-powered 'agentic financial crime investigator' capable of completing an entire investigation in just 17 seconds. This new system aims to significantly speed up the detection and prevention of financial misconduct, setting a new benchmark for efficiency in the banking sector.
JPMorgan Chase Leads Global Banking AI, Tops Evident AI Index Again
JPMorgan Chase has reaffirmed its position as the world's most advanced bank in artificial intelligence, according to the Evident AI Index. This marks an extended lead for the financial giant in leveraging AI for its operations and services.
Barclays Expands AI Use with Anthropic's Claude to Modernize Banking Operations
Global banking giant Barclays is significantly increasing its adoption of Anthropic's AI model, Claude, to accelerate software development and enhance operational efficiency. This move aims to modernize the bank's older systems, reflecting a growing trend of major financial institutions leveraging artificial intelligence for internal processes.
Finance Ministry Explores AI for Loan Collection, Seeks Banks' Inputs
The Union Finance Ministry is actively assessing the adoption of Artificial Intelligence (AI) tools by Indian banks for loan collection processes. As part of this review, the Ministry is seeking detailed inputs from various banks to understand their current usage and future potential.
Global Banking Giants Barclays, Deutsche Bank Adopt Ant International AI Model
Major global banks, including Barclays and Deutsche Bank, are now utilising an Artificial Intelligence (AI) model from Ant International. This new AI technology aims to enhance their capabilities in predicting cash flows and managing foreign currency funds more efficiently. The adoption highlights a growing trend of financial institutions leveraging advanced AI for critical operational functions.
AI & Automation Drive Top Private Banks to Cut 10,000+ Jobs in FY26
India's top 10 private banks are set to reduce their workforce by over 10,000 jobs in the fiscal year 2025-26 (FY26). This significant move is primarily driven by the accelerated deployment of Artificial Intelligence (AI) and automation technologies, reshaping the employment landscape within the banking sector.
Capital One Open Sources AI Tool 'VulnHunter' to Enhance Banking Cybersecurity
Capital One, a prominent US bank, has open-sourced 'VulnHunter', an AI-powered security tool designed to identify vulnerabilities in software code by simulating hacker tactics. This move allows other financial institutions globally, including those in India, to adopt this advanced technology, potentially bolstering the security of digital banking and customer data.
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