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Banks Add AI Agents, Keep Their 40-Year-Old Cores

Banks keep their core systems because replacing them is costly and disruptive. Keeping them carries its own price. Employees work across fragmented applications, repeat manual steps and rely on expensive integrations. Fifty-two percent of financial institutions name legacy technology as an obstacle to real-time payments modernization, and 53% name manual-intensive internal processes, PYMNTS…

Banks Add AI Agents, Keep Their 40-Year-Old Cores

We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.

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US stocks fall as AI doubts ignite tech selloff

US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since early June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race.

  • Nasdaq drops 2.6% amid AI concerns after earnings reports
  • Meta Platforms' stock falls 7% over AI spending and split
  • Tech-heavy indexes suffer largest daily decline since June

More from Thursday 22 October →