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.
Bank of America says Penguin Solutions is likely to be a major beneficiary of the potential agentic AI boom. It says this should support the company's share growth.
Read the original →Banking experts describe red flags of phone fraud, from one-time passcode traps to voice cloning. They also share simple rules to protect your money.
Read the original →A fund manager in Hong Kong emails BNY at 2 a.m. New York time about a transfer that has not settled. A software agent can read the email and pull the records.
Read the original →Insurers have been racing to adopt AI tools over the past 24 months. However, like organizations in other sectors, most insurance companies face a common obstacle.
Read the original →The U.S. averaged 23 weather and climate disasters per year over the past five years, each costing more than a billion dollars in claims. Insurance leaders are convening to discuss claims and underwriting in the age of AI.
Read the original →Deloitte's latest fair valuation survey finds AI adoption surging among fund groups. Governance frameworks and SEC exams are intensifying pressure.
Read the original →SS&C founder Bill Stone reflects on 40 years in business. The firm is rolling out its WorkHQ agentic AI platform and adding tools for RIAs and wealth managers.
Read the original →Wall Street staged a comeback as tech stocks recovered from an OpenAI revenue shock.
Read the original →A financial services consultant writes that there is no clear legal rule for who bears the loss when an AI tool exceeds its mandate. The consultant calls this a problem for issuers as they contemplate making credentials available to AI tools.
Read the original →Moving money across borders may be one of the last steps in an international payment. Getting the money ready to move can take considerably longer.
Read the original →Oobit issues one-time cards so that AI assistants can pay with users' stablecoins after receiving their approval.
Read the original →AI agents conducted 8 million x402 payments on the XRP Ledger in a month. The article explains why this surge has not affected XRP's price.
Read the original →US stocks opened higher on Friday as oil prices retreated following easing concerns about further escalation in the Middle East. Investors assessed the outlook for AI stocks and the impact of SpaceX's latest spectrum deal on telecom companies.
Read the original →AI stocks climbed after a Bloomberg report revived optimism around OpenAI's growth. Telecom tower stocks rallied after SpaceX's spectrum purchase.
Read the original →CaixaBank has tied its Google Cloud AI strategy to 2033, extending its partnership with the US hyperscaler. It is preparing to roll out agentic software across its workforce, while European regulators are pressing on the region's sovereignty rules.
Read the original →Zango AI's Portugal report involved 11 participants, including the CEOs of Millennium bcp and Fidelidade. It examines how generative AI is changing compliance with approval-based marketing regulation.
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