As AI capabilities evolve swiftly and continuously, some big corporate names are weaving the technology deeply into their day-to-day operations. Salesforce is a leading example, with the sales…
Read more Steal Citigroup’s AI Training Rule to Ensure Successful Adoption at Your CompanyThe battle over $20 billion worth of climate-related funding authorized by Congress continues as an appellate court ruled on Tuesday in favor of the Environmental Protection Agency, which…
Read more Judges side with Trump EPA over canceled Inflation Reduction Act grants to nonprofits | TechCrunchWithin days of State Bank of India putting its 25 per cent stake in Yes Bank on the block, interest is visible from West Asia and Japan. According…
Read more First Abu Dhabi Bank, Mizuho Bank in race for SBI’s stake in Yes BankCiti Treasury and Trade Solutions invested in payments fintech Icon Solutions last week to modernize its core payments capabilities and expand its payments offerings. Citi TTS, the global…
Read more Citi TTS taps Icon Solutions for payments platform | Bank Automation NewsCitibank is looking to reduce manual processing risk and costs by utilizing document processing company, Traydstream to automate document information processing and document creation. “The reliance on paper…
Read more Citi taps Traydstream for document processing | Bank Automation NewsThe Reserve Bank of India (RBI) has imposed a monetary penalty aggregating ₹10.34 crore on three banks —Citibank NA (₹5 crore), Bank of Baroda (₹4.34 crore) and Indian Overseas…
Read more RBI imposes monetary penalty on Citibank, BoB and IOBCitibank has selected Akamai Technologies, a cloud-native security service provider, to fight fraud on its platform, according to BuiltWith, which tracks technology adoption and use among websites. Akamai…
Read more Citi selects Akamai to fight bot | Bank Automation NewsCitibank is investing in technology and automation to modernize its security infrastructure, enhance client experience and improve its data structuring. “We’re deep into the large body of work…
Read more Citibank adds tech personnel | Bank Automation NewsCitizens Bank plans to join syndicated loan platform Versana in the first half of 2024 to expand its credit reach. Syndicated loans can range from hundreds of millions…
Read more Syndicated loan platform expands | Bank Automation NewsCitigroup will sell its consumer wealth portfolios in China to HSBC for $3.6 billion, the bank said Monday. The sale, which includes Citi’s clients, assets under management and…
Read more Citi sells China wealth business to HSBC | Bank Automation NewsWealth management company Edward Jones selected Citibank on Aug. 15 to provide bank accounts to its more than 8 million clients. The St. Louis-based company will also integrate…
Read more Edward Jones taps Citi for BaaS | Bank Automation NewsCitigroup is investing in alternative payment methods as client needs and technologies evolve. The goal is “making sure that our payment stack is future-ready,” William Artingstall, global co-head…
Read more Citi offers Venmo payments feature | Bank Automation NewsPayPal is investing in AI to increase efficiency, improve consumer experience, reduce the time to bring products to market and develop proprietary AI models to drive business growth. …
Read more PayPal to launch AI-driven assistant | Bank Automation NewsFinancial institutions looked to automation in the second quarter to reduce costs and create more efficient operations. The $3.2 trillion Bank of America, for one, saw its Q2…
Read more Q2 earnings roundup | Bank Automation NewsState Street Corp. looked to optimize savings and operational productivity through technology and automation in the second quarter. The $295 billion bank is “carefully investing in strategic elements…
Read more State Street ups tech spend by 3% YoY | Bank Automation NewsCitibank is ramping up its automation efforts and modernizing its platforms to maintain competitiveness and drive down costs. The $1.7 trillion bank increased its technology and communications spend…
Read more Citi doubling down on automation | Bank Automation NewsThe New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot to test the feasibility of settling payments through…
Read more Digital dollar speeds payments | Bank Automation NewsCitigroup launched a digital platform for its commercial banking clients today as it continues to build out its digital offerings. The $2.4 trillion bank’s CitiDirect allows commercial banking…
Read more Citi Debuts Digital Banking Platform | Bank Automation News
