Search results for Finextra
Finance
AI-generated financial content spreads, need for authenticity checks grows
Generative AI is accelerating the production of financial content, shifting financial institutions\' main task from writing to verification. Finextra warned that mass production of AI-written research notes, market commentary and compliance documents can widen errors and gaps in accountability. Because such content influences investment decisions and operations, mistakes can spread quickly through templates and workflows. The article says verification, provenance tracking and human review are needed, especially in compliance-heavy areas.
Finance
MoonPay launches Mastercard debit card for AI agents
Crypto trading firm MoonPay has launched a Mastercard debit card called the MoonAgent Card that allows AI agents to make payments directly from on-chain wallets. The card combines MoonPay’s AI agent infrastructure and developer network, Monavate’s regulated card issuance infrastructure and Mastercard’s global payments network. Users do not need to preload a custodial balance or move funds off-chain before paying, and can approve smart-contract access or delegate spending authority.
AI & Enterprise
Goldman Sachs blocks Anthropic\'s Claude in Hong Kong, keeps ChatGPT and Gemini
Goldman Sachs has stopped employees in Hong Kong from using Anthropic\'s AI model Claude, while keeping access to other models such as OpenAI\'s ChatGPT and Google\'s Gemini, a fintech outlet reported. The restriction applies only to staff in Hong Kong. The bank was reported to have reviewed its contract with Anthropic and concluded Hong Kong employees should not use any of its products. The move comes as U.S.-China AI tensions grow and as firms weigh regional access rules and security risks.
