Bank of Canada stories

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

MariaDB moves to buy in-memory specialist GridGain in a bid to deliver sub-millisecond latency for agentic AI and real-time workloads.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

Newly data by Evident shows JPMorgan Chase's ongoing rise as a leading force in AI research, with a significant increase in output.

Banks are dedicating more resources to responsible artificial intelligence, with a 43% staffing increase, but only six clarify their approach.

Bugcrowd appoints Michael Jennings as Board Chair and David Fairman to Advisory Board, strengthening its leadership team and expertise.

Okta announces new features that allow organisations to replace passwords with stronger authentication methods.