Many banks and financial groups say they are excited about new AI tools, but they’re also worried that recent college graduates rely too much on them. A New York firm once bragged about its 2025 interns, calling them “true AI natives. ” These students grew up with smart software and generative mo
Companies in private equity and software services are rushing to adopt AI, promising faster financial reports and automated data analysis. The idea is simple: let machines handle the boring, repetitive tasks so humans can focus on big-picture decisions. But there’s a catch. When every firm uses the
Businesses often juggle messy spreadsheets, approvals, and payroll while trying to spot problems early. Now, companies are embedding AI agents directly into the tools they already use—like accounting software and HR systems—to handle routine tasks without losing transparency. Instead of just spittin
Elon Musk’s new venture, xAI, is looking for people who know money to help train its chatbot, Grok. The company wants real bankers and traders to act as tutors so the AI can understand how financial decisions are made. In its job ads, xAI asks for experts in investment banking, portfolio manageme
AI is being sold as the magic tool to find wealthy clients. But top advisors aren't convinced. They say AI can find names and numbers, but that's just the start. The real challenge is getting these busy, wealthy people to trust you. Matthew Fleissig, CEO of Pathstone, knows this well. He manages $1
Audit committees are stepping up their game. With risks growing faster than ever, these groups are becoming more important. They are the ones making sure companies stay on track. The Institute of Internal Auditors (IIA) just launched a new center to help them. It offers tools, training, and support
OneStream, a finance software company, is making a major shift. It's going private in a deal worth $6. 4 billion. The company's CEO, Tom Shea, sees this as a way to speed up their plans for AI in finance. He believes the next few years will be crucial in defining AI's role in this field. The deal i
Vanguard, a major player in the investment world, is diving headfirst into AI to keep up with its massive client base. With nearly $12 trillion in assets under management, the company is testing AI tools to enhance client interactions and streamline operations. One of their recent projects is an AI
In 2026, AI will be more than just a buzzword for finance leaders. It will be a key player in how businesses operate, make decisions, and manage risks. The focus will shift from experimenting with AI to using it in real-world situations. This means AI will be used to plan, serve customers, and manag
AI is making big waves in finance, and CFOs are taking notice. With investments in generative AI expected to hit $644 billion globally by 2025, it's clear that this technology is here to stay. But how can finance teams use AI to their advantage? One company, Trintech, is using AI as a training part
