Fintech Lili, which provides a business platform for small and medium-sized businesses, has teamed up with Amazon Web Services to deploy a generative AI-driven chatbot for its customers.  The Accountant AI chatbot is powered by Amazon Bedrock, AWS’ gen AI foundation model, to provide personalized accountant services to SMBs, Lili co-founder and Chief Executive Officer…

JPMorgan Chase has identified three uses for generative AI to boost efficiency.  “AI, and particularly large language models, will be transformational,” Chief Operating Officer Daniel Pinto said during the bank’s Investor Day on May 20, noting that the bank has been investing in AI for “a number of years.” The $3.7 trillion bank said it…

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I recently wrote a white paper for XBP Europe, which you can download (see later). It’s all about how to be fit for the future and digital transformation, my usual subjects. Just to give a taste of the paper, here’s a small extract: The obvious answer is to digitise the corporation. The harder question is:……

We all know the world is changing. Every day, we see things changing. The only constant is change. This makes the state we live in today very interesting. I can send a crypto payment from London to Nairobi instantly but, for various reasons, I cannot make a payment to my own account today. That is……

Things we’re reading today include … Fintech firm pivots to porn and gambling | Evening Standard The comeback story for European banks is changing (ft.com) Bank fined after trader makes $444 billion ‘fat finger’ error (yahoo.com) Bank of America tech director leaves “on a high note” for Abu Dhabi (efinancialcareers.com) The importance of central bank……

Things we’re reading today include … HSBC fined over treatment of customers in financial difficulty – BBC News Saudi Arabia: Goldman (GS) Is First Wall Street Bank to Get Saudi HQ License – Bloomberg Stripe Tour London: Innovating Payments for Sustained Business Growth | FinTech Magazine Designing financial services for children with Sunshine+Kittens – FinTech……

TD Bank is exploring the use of generative AI within its institution through pilot programs.  “Understanding how generative AI can be used to augment the work of our colleagues has always been our focus,” Imran Khan, head of TD Invent, the bank’s innovation arm, told Bank Automation News. “We’re going to continue to research and…

Nvidia’s data center revenue skyrocketed during its fiscal first quarter 2025 as companies look to the chip-making giant for AI infrastructure.  Data center revenue reached $22.6 billion, up 427% year over year, according to the company’s earnings report for the quarter ended April 28. Nvidia’s fiscal Q4 2024 data center revenue jumped 409% YoY to…

Ally Financial is continuing to invest in technology and generative AI to offer improved car sale recommendations and inventory options for dealers.  The Detroit-based lender is looking into how to use technology to offer real-time car sale recommendations through the bank’s digital wholesale platform, SmartAuction, Sathish Muthukrishnan, chief information, data and digital officer at Ally Financial, told Bank…