Banking
99% of BNY employees have AI access
[ad_1] BNY is expanding its use of AI and has integrated the tech in its multiyear transformation plan to drive growth and efficiency. Eliza, the bank’s multi-model…
Tag: bank earnings
Banking
Ally rolls out AI tool for 10K employees to automate, streamline processes
[ad_1] Ally Financial is steadfast in its AI investment and is seeing its operations becoming efficient over time. “This quarter, we rolled out our…
Banking
Bank of America’s focus is ‘getting the data right,’ CEO says
[ad_1] Bank of America is being judicious in deployment of AI within its operations but already seeing the role the technology is playing in…
Banking
Citizens Bank’s deploys agentic AI in transformation program
[ad_1] Citizens Bank is deploying AI and agentic AI as part of its Reimagine the Bank program. “We have a team of executives from…
Banking
Citi attributes 100K hours of savings to gen AI deployment
[ad_1] Citigroup is starting to realize returns on its investments in generative AI and tech modernization. The $1.7 trillion bank reported that its gen…
Banking
Goldman launches AI-driven One Goldman Sachs 3.0
[ad_1] Goldman Sachs is leaning into AI to drive efficiency as it launches a new AI operating model across the institution. The One Goldman…
Banking
TD Bank’s anti-money laundering effort
[ad_1] TD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of…
Banking
Inside TD Bank’s anti-money laundering effort
[ad_1] TD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of…
Banking
BMO launches two AI tools in fiscal 3rd quarter
[ad_1] BMO is investing in AI and launching new solutions to build deeper relationships with clients. “We’re seeing tangible value from AI in several…
Banking
Digitalization, AI table stakes in banking, BBVA says
[ad_1] BBVA Argentina, a subsidiary of BBVA which serves South America, is revamping its tech stack to ensure the bank stays competitive against rising…
Banking
Nubank using AI for underwriting, customer service
[ad_1] Nubank is deploying AI within its operations for efficiency gains and to expand its reach globally. The Brazil-based digital bank posted second-quarter earnings…
Banking
Fifth Third’s tech spend jumps 5% YoY
[ad_1] Fifth Third Bank’s overall noninterest expenses increased in the third quarter driven by higher technology and communication spend. The $214 billion bank saw…
Banking
KeyBank’s computer processing spend spikes 17%
[ad_1] KeyBank’s cloud migration costs contributed to increased computer processing spend despite total noninterest expense slightly declining in the third quarter. The $187 billion…
Banking
Ally focuses on digital experience in face of outflows
[ad_1] Ally Financial expects deposits to flow out as interest rates go down, but it is looking to digital tools and experiences to maintain…
Banking
JPMorgan Chase warns of inflated AI tech valuations
[ad_1] JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of AI tech companies’ inflated valuations. “Tech valuations,…
Banking
BMO bot enables 3M customer interactions | Bank Automation News
[ad_1] Bank of Montreal is deploying AI to improve customer experience and grow digital sales of its products to gain market share. In its…
Banking
BNP has identified 780 AI use cases | Bank Automation News
[ad_1] BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation…
Banking
Capital One, Discover plan integration, await merger approval | Bank Automation News
[ad_1] During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal…
Banking
DB and Santander controlling costs through tech | Bank Automation News
[ad_1] Deutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports. Santander reported today that…
Banking
Fifth third must invest in tech to manage regulatory risk | Bank Automation News
[ad_1] Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau…