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Finance

Finance sector speeds up AI adoption; key is information trust, not performance

The financial sector’s debate over artificial intelligence risk is expanding beyond a race for model performance to reliable information and accountability structures. Financial institutions are applying AI across lending, fraud detection, compliance and other operations, but systems can weaken in real use if they misrepresent core internal information. A proposed “sense-core-driver” framework stresses verified, up-to-date and traceable data representations before inference, and clearer controls as AI agents gain authority.

Finance

Anthropic\'s Mythos finds security gaps; U.S. banks rush patches

Major U.S. banks are accelerating fixes after identifying dozens of security vulnerabilities using Anthropic’s AI security tool Mythos. Banks say the tool is finding hundreds to thousands of low to medium vulnerabilities, some of which could combine into more damaging attack paths. They are sharing information with smaller lenders that lack access. The ECB’s Frank Elderson urged euro zone banks to prepare quickly for cyberattacks aided by Mythos or similar tools.

Finance

Finix unveils payment terminal for unmanned stores, targets kiosk payment demand

Payment solutions provider Finix unveiled a payment terminal aimed at unmanned and semi-unmanned stores and customer self-ordering and payment setups. The company said the Android-based device is designed for touch operation, with a slim and durable build suited to high-traffic sites. It supports EMV chip, magnetic stripe and contactless payments, as well as mobile wallets such as Apple Pay and Google Pay. The terminal ships with the Finix payment app preconfigured and includes installation components for unattended sites.