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LONDON—The growing use of autonomous AI agents in financial services could force banks to rethink traditional Know Your Customer requirements as consumers increasingly allow technology to make payments, move money and manage accounts on their behalf, according to commentary published by GlobalData.

GALESBURG, Ill.—Gale Credit Union has begun notifying individuals of a data breach that exposed names, Social Security numbers, financial account numbers and Visa credit card numbers and expiration dates, with the Akira ransomware group claiming it stole approximately 50 gigabytes of data from the Illinois credit union.

PITTSBURGH—Nearly half of U.S. banks are showing year-over-year deterioration in credit quality even as industry profits, lending and deposits continue to climb, according to a new BlastPoint analysis of second-quarter FDIC data.