Startups
Fino Payments Bank Posts ₹21 Cr Loss In Q2, Total Income Falls 17% YoY
Fino Payments Bank reported a net loss of ₹20.9 Cr for Q2 FY27, with total income dropping 16.6% year-on-year.
Topic
#Banking
Stories tagged by our AI curator.
AI
AI agents in lending: Why banks must govern decisions, not just automate workflows
The article argues that banks and NBFCs must focus on governing AI decision-making authority rather than just automating workflows in lending.
AI
Agentic AI can cut banks' transaction monitoring workload by up to 50%: McKinsey
McKinsey reports that agentic AI can reduce transaction monitoring workload in banks by 30-50% while improving compliance report quality and consistency.
Enterprise
Revolut faces Bank of England scrutiny over product approval process, reports say
Revolut is under scrutiny from the Bank of England over its product approval processes.
Startups
Revolut's UK lending push is a ‘watershed’ moment. Can it take on the big banks?
Revolut's expansion into UK lending represents a significant milestone in its challenge to traditional banking.
Enterprise
Please Don’t Let an AI Bot Log Into Your Bank Account
Banks are warning customers against granting excessive access permissions to AI agents, citing security risks.
Enterprise
US banks have detected unvetted AI agents accessing customer bank accounts
US banks have identified unvetted AI agents gaining unauthorized access to customer bank accounts, raising security concerns.
Enterprise
The AI-privacy paradox: Can banks innovate without compromising customer data?
Opinion piece by IDfy's COO explores the tension between banks' AI innovation needs and customer data protection obligations.
Enterprise
AI agents are coming for your bank’s easy money
An opinion piece warns that autonomous AI agents pose emerging financial risks to banks through real-time autonomous decision-making during transactions.
Enterprise
US banks are blocking third-party AI agents access to customer accounts, sources say
US banks are blocking third-party AI agents from accessing customer accounts, according to industry sources.
Enterprise
Unauthorized AI agents are reportedly already accessing US bank accounts
Bank sources report that unauthorized AI agents have been accessing US bank accounts and taking independent actions without user instructions, raising security concerns.
Enterprise
Blindsided by AI Agents, Big Banks Scramble to Beef Up Security
Major banks are strengthening security measures in response to emerging threats from AI agents, with some users reportedly granting agents direct access to their bank accounts.