Breaking News
How Citi Uses AI With Human Oversight
Jon Lofthouse from Citi explains how the bank is approaching AI in a careful, controlled way. Lofthouse describes Citi as being firmly in a “human in the loop” phase of adoption, where AI is used to assist colleagues and clients rather than make fully autonomous decisions. The focus right now is on support tools that help people do their jobs better, not on replacing human judgment in areas like risk, compliance or client interactions.
Citi also highlights the governance framework around AI inside the bank which includes scrutinising which processes AI is introduced into, assessing the underlying models and technologies, and paying close attention to issues like cross-border data flows and data privacy. For a regulated financial institution, he notes, safety and soundness are non-negotiable, so Citi keeps humans involved in the decision chain to ensure oversight and accountability.
People In This Post
Companies In This Post
- Nuvo and Avalara Launch AI Integration to Eliminate Tax Compliance Gaps and Accelerate B2B Customer Onboarding Read more
- Lumin Digital Unveils Lumin Solaire, an AI-Native Intelligence Layer Embedded In Its Compounding Growth Platform Read more
- Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channel Read more
- Redbridge: Visa’s Commercial Enhanced Data Program (CEDP) – What Merchants Are Really Facing Read more
- TSAM London: FE fundinfo on Mastering Data and Unifying Operations in Asset Management Read more
TSAM London: FE fundinfo on Mastering Data and Unifying Operations in Asset Management
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Global Imperative of Risk and Compliance for Southeast Asian Finance
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Composable Architecture and the Cultural Shift of Agile Delivery
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Fintech Meetup 2026: Get Ready for Fintech Meetup in Europe
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Velocity of Risk and the Explosion of APAC Payment Methods
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Massive Adoption of Embedded Insurance in Digital Ecosystems
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Building a Greenfield Foundation for Digital Transformation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Nuvo and Avalara Launch AI Integration to Eliminate Tax Compliance Gaps and Accelerate B2B Customer Onboarding
Nuvo Technologies, the AI-native customer-to-cash platform, today announced an integration with Avalara, the agentic AI leader in global tax and compliance. The integration connects Nuvo’s AI-powered onboarding with Avalara’s exemption certificate management and real-time tax calculation capabilities—enabling B2B suppliers to handle credit applications and tax compliance in a single, unified experience. The result is a single workflow where suppliers can approve customers and ensure tax compliance at the same time.
Lumin Digital Unveils Lumin Solaire, an AI-Native Intelligence Layer Embedded In Its Compounding Growth Platform
Lumin Digital, the Compounding Growth Platform for banks and credit unions, today unveiled Lumin Solaire, an AI-native intelligence layer embedded across its platform. The announcement was made at Lumination, the company’s annual client conference, where Lumin is showcasing its platform strategy and product roadmap.
Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channel
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced a new partnership between MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Sturgis Bank, a community bank serving Michigan through 16 branches, to transform its account opening experience for business and retail customers. Through this partnership, Sturgis Bank will modernize onboarding across all physical and digital banking channels, reinforcing its commitment to delivering a seamless, efficient, and customer-centric experience while expanding accessibility and accelerating digital growth.
Redbridge: Visa’s Commercial Enhanced Data Program (CEDP) – What Merchants Are Really Facing
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
TSAM London: FE fundinfo on Mastering Data and Unifying Operations in Asset Management
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Reap and TerraPay Partner to Expand Local Payout Corridors Globally
Reap, the stablecoin-native global payments and financial platform infrastructure for businesses, today announced a strategic partnership with TerraPay, a global money movement company, to expand local cross-border payouts through direct access to domestic clearing systems worldwide.
Digital Assets Clearing Center Secures US$10 Million Funding for International Market Infrastructure
Digital Asset Clearing Center (DACC.HK), a next-generation financial market infrastructure for the tokenized economy, today announced US$10 million in funding from strategic partners including Conflux, Transaction Technologies Limited (“TTL”) and Global InfoTech. Traditional bank transfers continue to dominate the US$214 trillion cross-border payments market, but tokenized finance offers an alternative to slow settlement cycles, high transaction costs, fragmented data systems and regulatory barriers. Digital Asset Clearing Service offers seamless connections to the world's leading payment systems including Cross-Border Interbank Payment System (CIPS), blockchain networks and compliance infrastructure delivering end-to-end Clearing-as-a-Service (CaaS) for financial institutions.