Bank of America and S&P Global on why AI success starts with governance and data
At Fortune’s AIQ Summit, leaders explained why AI must begin with a clear business need. They said it must be built on reliable, traceable data.
Read the original →Article digest · Oct 3 AM
AI & Finance — what each story says
Every story in this issue with a short summary, so you can decide what to read before leaving the site. Summaries are written by AI (Claude) only from each publisher's own description and checked by Jev for anything not in that description. They are not full translations. Follow "Read the original" for the full story.
29 stories14 with summaries8 topics
🏦 Banks4
'The hottest skill on Wall Street’: Demand for this AI ability jumped 1,721% as banks embrace agents
Banks are fueling a hiring surge for AI engineers who are good at "agent orchestration". The term refers to the ability to coordinate teams of specialized agents.
Read the original →- Headlines only (the publisher did not provide a description)
- AI Is Becoming a Stock Picker’s MarketGoldman Sachs · 10/02 13:39 UTC
- Blackstone, Banks Amass $60 Billion for Broadcom’s AI Chip DealBloomberg.com · 10/02 16:05 UTC
🛡️ Insurance3
Silent or affirmative - the AI coverage debate reshaping Canadian cyber placements
In January 2024, a finance worker at Arup's Hong Kong office transferred US$25.6 million to fraudsters after a video call in which every participant, including the CFO, was an AI-generated deepfake. Whether that loss would be covered under a typical Canadian cyber policy is not a settled question.
Read the original →- Headlines only (the publisher did not provide a description)
- Consumers don’t trust AI as much as insurers think they doInsuranceNewsNet · 10/02 10:04 UTC
- Deloitte’s Johal: roundtable discussion recognises AI usage in reinsurance needs to focus on USPstheinsurer.com · 10/02 10:34 UTC
💼 Asset Management3
Unlocking AI's Advantages in Investing: How Asset Managers Can Create Lasting Benefits for Clients
Building a durable AI edge requires strategy, data and discipline, grounded in human judgment.
Read the original →RIAs Have A Talent Problem. AI May Let Them Grow Without Solving It.
The RIA industry is heading into a staffing squeeze. The description cites an estimated $100 trillion generational wealth transfer.
Read the original →- Headlines only (the publisher did not provide a description)
- Pravar AI Launches Wealth OS to Automate Proactive Client Engagement for RIAsFF News · 10/02 14:51 UTC
📊 Markets / Trading2
Pony AI Inc. (PONY) Stock Price, News, Quote & History
The page provides the latest stock quote, history and news for Pony AI Inc. (PONY).
Read the original →- Headlines only (the publisher did not provide a description)
- Hedge funds struggle for September gains as rate, AI swings biteReuters · 10/02 09:28 UTC
💳 Fintech / Payments4
Ethereum Foundation Launches zkAPI for Private AI Payments
The Ethereum Foundation and Open Anonymity released zkAPI, which lets users prepay for AI and other APIs on Ethereum. Users then spend using ZK proofs so that usage is not tied back to them.
Read the original →- Headlines only (the publisher did not provide a description)
- The next phase of payments: Preparing for the rise of agentic commerceFinTech Futures · 10/02 12:51 UTC
- Mastercard Expands Agentic Commerce With New Trust ServicesThe Globe and Mail · 10/02 14:16 UTC
- Stripe's $184B Valuation Puts a Price on the AI Agent EconomyBenzinga · 10/02 10:00 UTC
🚀 AI Stocks / Funding4
AI Stocks Took a Breather in Q3 After Blistering Q2 Rally
Hyperscalers and software stocks were back in investors' favor last quarter. Memory, chip and industrial stocks stalled.
Read the original →‘You have no decency’: Billionaire Vinod Khosla just called a $5B AI startup ‘unethical,’ even though he’s an investor
A dispute over a board adviser's move to a rival company has widened into a broader fight over talent and market share. The fight comes as billions of dollars pour into AI agents.
Read the original →- Headlines only (the publisher did not provide a description)
- Micron's Earnings Test Burry AI Bubble Warning Two Days LaterStreetwise Reports · 10/02 16:26 UTC
- Financial Decision AI Startup Gwanak Lab Raises USD 228K from Seoul Techno HoldingsWowtale · 10/02 14:18 UTC
⚖️ Financial Regulation / Supervision4
The week in GRC: SEC approves Tesla standing voting instructions as model for all issuers as California implements AI legal guardrails
The SEC approved a voluntary retail voting program, also called standing voting instructions, developed by Tesla. It creates a framework other public companies can use to offer similar arrangements. Under the program, retail shareholders can give standing instructions.
Read the original →Financial Services' next AI risk is the workflow nobody can explain
Financial firms need end-to-end workflow visibility to scale agentic AI.
Read the original →Why the AI revolution could be a golden age for financial advice
The description says every major technological shift raises the same debate over whether it will empower professionals to do more or eventually replace them.
Read the original →- Headlines only (the publisher did not provide a description)
- ThirdNexa Launches AI-powered Vendor Risk Platform Built for SEC- and FINRA-Regulated FirmsEIN News · 10/02 10:00 UTC
🗾 Japan's Finance and AI5
Police begin preliminary probe into AI hacking of banking sector
The National Police Agency's cyber terror response investigation unit said on the 2nd that it has begun investigating simultaneous data-theft attacks on the banking sector. The attacks target major South Korean banks using artificial intelligence. Information on 25,000 people was leaked at Shinhan.
Read the original →Infosys expands strategic collaboration with ABN AMRO to simplify IT and speed AI-led transformation
The collaboration uses Infosys Topaz to support ABN AMRO's operational efficiency, scalability and innovation.
Read the original →- Headlines only (the publisher did not provide a description)
- Citadel AI provides AI governance solution to Sumitomo Mitsui Banking CorporationPR TIMES · 10/02 07:08 UTC
- Stablecoin firm Fasset aims to become a bank that also serves AI agentsInvesting.com Japan · 10/02 14:28 UTC
- Why small fintech markets should not aim to beat Silicon Valley with AIForbes Japan · 10/02 06:29 UTC
The analysis and visual summary are in the Oct 3 AM issue. Japanese version here.