On JPMorgan's third quarter earnings call yesterday, CEO Jamie Dimon expressed concern about AI agents, while CFO Jeremy Barnum discussed the risks of credential sharing and screen scraping.
JPMorgan has one of the largest technology budgets in the banking sector, with plans to spend almost $20 billion on technology overall in 2026. But the C-suite executives' comments are in no way a rejection of agentic AI as an enabling technology. The bank is already using agentic AI to automate...
Ocrolus, a vertical AI workflow and analytics platform for lenders, has announced that its document fraud detection solution, Ocrolus Detect, will now be included at no additional cost for all its mortgage customers. Ocrolus Detect reviews bank statements, pay stubs, and tax forms for tampering. Underwriters see the results of the review in the Ocrolus platform or the Encompass embedded viewer where they already review the file.
Ocrolus has leveraged its integration with Resistant AI to...
Stablecoins have emerged as one of the most interesting developments in the DeFi industry, with the potential to reshape payments more broadly. Stablecoins are cryptocurrencies pegged to a reserve asset, typically a fiat currency such as the US dollar, and are designed to combine the technological advantage of digital currencies with the relative price stability of traditional money. They have become increasingly attractive because they can facilitate fast, low-cost...
- Splitit unveiled plans for the Splitit World Mastercard, a white-label credit card that combines traditional credit card functionality with flexible installment payments.
- The card allows consumers to automatically split purchases above a customizable spending threshold into monthly installments, with the option to adjust repayment plans.
- The offering, expected to become available in early 2027, will help mid-sized banks and credit unions compete with BNPL providers while maintaining...
- A partnership between BMO Financial Group and financial education platform Zogo will help boost financial literacy among young adults in Canada.
- The partnership targets young adults between the ages of 18 and 24 and provides practical lessons and quizzes to help users build financial knowledge that will have real-world applications in their lives.
- Founded in 2018 and headquartered in Austin, Texas, Zogo won Best of Show in its Finovate debut at FinovateFall 2019.
Financial...
