“‘I find it very surprising when really smart people take one side or the other,’ Scharf said during an appearance at a Bernstein investor conference. ‘They sit there and they say, ‘it’s not a threat to employment,’ or they sit there and say, ‘it’s a huge threat to employment.’ ‘It’s so obvious to me, looking…
Tag: bmcgee
Fifth Third Launches AI-Powered Interface in Mobile App
“The new capability helps customers navigate Fifth Third’s mobile app more intuitively. Rather than scrolling through menus, customers can simply type what they need—such as ‘replace card,’ ‘find ATM,’ ‘transfer funds,’ or ‘closest branch’—and be guided directly to the most relevant experience, whether that is a simple mobile screen for task completion, an AI-powered chatbot,…
Augustus Receives OCC Conditional Approval to Charter the First Clearing Bank For The AI Era
“For decades, fintechs innovated on the front end, building applications on top of 20th century infrastructure. Augustus is a break from the past—a nationally chartered US bank built from scratch around a truly modern core: programmable, autonomous, and always on—a true system of action. We’re seeing the demand already today, and the advent of the…
Banking and AI: When the tech starts doing the work, not just assisting it
“At first, the biggest impact was in cost. Then it moved quickly into risk, which is one of the hardest areas to open up to innovation, for obvious reasons. Then marketing and sales. And now we might be at the edge of a totally new paradigm: not an app, but a conversation. Conversational banking might…
JPMorgan Chase plans to deploy more powerful AI agents this year
Read more >>