Artificial Intelligence

CommBank tests AI banking assistant in app pilot

CommBank tests AI banking assistant in app pilot

CommBank Companion will use live data to deliver financial info to customers.
5 days ago

CommBank names UNSW’s Mary-Anne Williams as chief AI strategist

Wiliams will lead CommBank’s team of AI scientists.

Banks face budget squeeze from AI and legacy systems

Corporate IT allocations are projected to keep climbing through 2027.

2 in 5 APAC finance firms lag in AI or machine learning

Survey shows that 61.2% now use AI or machine learning in live settings.

Citi forms AI Infrastructure Banking team to tap $3t financing opportunity

The team aims to provide debt financing to fund data centres and other infra capacity.

NPCI’s FiMI AI model to handle UPI disputes

It uses an agentic AI framework for multi-step reasoning tasks.

AI disruption accelerates Southeast Asia’s telecom shift

Regional telcos turn to AI to boost efficiency and revenue.

Standard Chartered filters AI through business-first lens

Clear objectives and disciplined architecture are essential to scaling responsible AI.

Banks’ AI adoption to shape cost and revenue advantage

An AI-gap may emerge amongst global banks depending on their adoption journeys, says S&P.

How can banks use AI and digital rails to cut trade finance inefficiencies?

It can reduce compliance burdens, but only if they are designed to be simple, trusted, and interoperable. 

How Citi Wealth uses AI for insights to support, not replace advisors

Research shows that 70% of wealth managers believe AI enhances.

Why banks see AI as a shift from product selling to service

There has been a notable 80% reduction in contact centre handling times. 

AI agents shift financial services from infrastructure to impact

Almost all institutions now use AI to boost efficiency and customer experience.

Security Bank modernises core systems to meet digital demand

The bank is investing in AI, cloud, and omnichannel platforms to future-proof its operations.

CommBank deploys AI-powered bots to fight scams

The bots engage scammers, gather intelligence, and disrupt scam operations, it said.

BofA’s AI virtual assistant Erica halves IT service desk calls

It plans to incorporate gen AI in Erica for coding assistance and report synthesis.