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.
For the next few years, Bill Demchak's focus is on PNC's artificial intelligence growth plans rather than mergers and acquisitions. He said the plans will cost "hundreds of millions to save billions."
Read the original →As autonomous agents take over more banking decisions, banks will need new ways to monitor risk and respond quickly when things go wrong. Author and consultant Emmanuel Daniel explains why bank governance must evolve for an age of autonomous AI.
Read the original →As AI agents become more common in commercial lending, banks face the question of which decisions can be delegated to technology and where human judgement must remain central. Some lending journeys may suit full automation, while others require a banker who understands the client's circumstances. Most will rely on a combination of both.
Read the original →Guidewire has entered into a definitive agreement to acquire hyperexponential (hx) for a base purchase price of $1.7 billion in cash.
Read the original →AI liability is getting harder to assign as businesses rely on third-party tools. The piece covers what cyber underwriters are asking and how to prepare.
Read the original →As carriers and brokers cite AI in job cuts, a survey of 463 insurance executives finds a 22-point gap. The gap is between how far the corner office and the level below think the technology has actually come.
Read the original →BlackRock is serving as an anchor investor in SpaceX's record-setting US$40b GPU lease to fund AI and cloud infrastructure. The asset manager is also a core partner in Envestnet's launch of white-labeled Custom Model Solutions for financial advisors.
Read the original →AI stocks are leading Wall Street higher. The S&P 500 rose 0.6% Tuesday, the Dow Jones Industrial Average rose 5 points, and the Nasdaq composite rose 1.1%. Most stocks within the S&P 500 were falling, but gains for several influential AI stocks made up for that.
Read the original →Payments executives are weighing how to put AI to work now, from transaction routing to identity, permissions and checkout capabilities.
Read the original →Chargebacks911 has launched indemnification for merchants against qualifying chargebacks on purchases made by AI agents.
Read the original →Turbulence in the tech sector underscores the importance of a more diversified portfolio.
Read the original →The FSB, HKMA and FCA now expect boards and named owners to answer for AI systems. The update also covers the OCC's final GENIUS Act rule and FCA guidance on DeFi.
Read the original →In a Bank of England and FCA survey, 86% of responding firms use AI and 80% run agents, but only 2% with broad autonomy. Third parties hold 53% of key systems.
Read the original →Two men, aged 19 and 17, are suspected of using generative AI to create a fake payment service site and improperly obtaining personal information such as email addresses and phone numbers entered on it. Police say they lured people to the site with fake campaign posts on social media. They admitted the allegations, and the information was used to book accommodation and to buy game consoles for resale.
Read the original →Guidewire announced the approach on October 27, 2026, at its Connections 2026 customer conference in Las Vegas. It includes agents and agentic capabilities across underwriting, claims and the underlying data platform. Guidewire describes it as an open, secure and comprehensive foundation for using AI across the insurance lifecycle.
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