The financial services industry is investing in AI and generative AI as uses for both technologies expand. Ninety-seven percent of FIs plan to increase investment in AI to…
Read more 97% of FIs to invest more in AI | Bank Automation NewsAs AI investment soars, financial institutions that share their AI strategies publicly are performing better than those keeping their efforts under wraps. A report released this month by…
Read more JPM leads AI strategy communication | Bank Automation NewsWhile banks continue to invest in their digital capabilities, most consumers are not ready to fully commit to a digital bank with no physical presence. A survey by…
Read more By The Numbers: Just 12% of consumers would convert to digital banking | Bank Automation NewsFinancial institutions continue to prioritize technology and innovation in 2023 as operational efficiency and client experience remain a priority amid uncertain economic times. In a report earlier this…
Read more Progressive banks prioritize AI, cloud | Bank Automation NewsCyberattacks are on the rise, with attempted payment fraud in the buy now, pay later segment seeing a 211% year-over-year increase, attempted payment fraud in fintechs was up…
Read more By The Numbers: BNPL fraud attempts jump 211% YoY | Bank Automation NewsDespite strategic investments in cybersecurity, the financial services sector is no fortress. Attacks are constant regardless of the amount of money and talent poured into the sector, according…
Read more By the Numbers: Nearly half of security execs report an FI cyberthreat in past year | Bank Automation NewsAmericans are leaning on the use of digital banking and its associated tools to help feel financially resilient amid economic uncertainty. Digital adoption has continued to grow, and…
Read more By The Numbers: 46% of banking customers rely more on digital tools | Bank Automation NewsAs the banking space continues to evolve, financial institutions are finding that companies they previously considered rivals may be potential partners. In a survey of 792 bank decision-makers…
Read more By the Numbers: 77% of banks feel pressure to collaborate with fintechs | Bank Automation NewsBank clients are increasingly switching financial institutions when they become frustrated or disappointed by their mobile banking experiences. In fact, one in three users younger than 40…
Read more By the numbers: Bank clients demand frictionless mobile offerings | Bank Automation NewsBanks and credit unions will invest in their customer and member engagement offerings in 2023 as more clients desire relationship banking. Financial institutions (FIs) plan to invest in…
Read more By the Numbers: FIs to invest in digital, customer engagement in 2023 | Bank Automation NewsChief financial officers and treasurers are feeling squeezed in today’s market as they juggle multiple priorities, and they can look to technology and automation to relieve some of…
Read more By the numbers: Company CFOs, treasurers look to bank partners for automation | Bank Automation NewsCybersecurity threats that place bank information and personal data at risk are on the rise as the holiday shopping season officially kicks off with Black Friday and Cyber…
Read more By the numbers: Cyberattacks putting bank data at risk jump 92% | Bank Automation News
