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.

Multiverse launches CompactifAI, a quantum-inspired app that runs compressed AI models offline on mobiles, targeting strict data regimes.

Firgun's debut quantum fund deal backs Canada's Photonic from its $250m pot, deepening cross-border UK-North America ties.

Multiverse Computing's quantum finance paper passes 1,000 citations, cementing its software-led approach as a rare standout beyond hardware.

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.

Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development.

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

9 Spokes co-founder Adrian Grant talks about the global solution provider's exciting plans for AI integration.