Barclays focused on the simplification of its operations and organization during the first half of 2024 as it leaned into its cloud strategy and upgraded legacy systems. The…
Read more Barclays boosts cloud strategy | Bank Automation NewsKeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations. “The reason we’ve been able…
Read more KeyBank spends $800M on tech annually | Bank Automation NewsConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion…
Read more Podcast: ConnectOne Bank invests in data training | Bank Automation NewsFinancial institutions are exploring the use of quantum tech to optimize operations within payments and security. Quantum technology can make payments safer through cryptography and by providing secure…
Read more FIs tap quantum computing for payments security | Bank Automation NewsFinancial institutions can look to financial operations strategies to manage costs when moving their operations to the cloud. “We all know that financial institutions really operate on relatively…
Read more Podcast: How FIs can tackle cloud migration cost increases | Bank Automation NewsAmazon Web Services’ business clients can now tap Visa’s payments solutions through the recently launched Visa Cloud Connect platform. AWS clients can easily access the platform through…
Read more AWS clients tap into Visa Cloud Connect | Bank Automation NewsCache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings. The Logan, Utah-based bank will use the tech provider’s core banking platform, Fusion…
Read more Cache Valley Bank selects Finastra | Bank Automation NewsBMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, data and overall modernization at the forefront of its efforts. “We’re…
Read more BMO leans into cloud modernization | Bank Automation NewsFintech Lili, which provides a business platform for small and medium-sized businesses, has teamed up with Amazon Web Services to deploy a generative AI-driven chatbot for its customers. …
Read more Lili teams up with AWS for chatbot | Bank Automation NewsThe Securities Exchange Commission has proposed stricter regulations on how financial institutions deal with data breaches as cyberattacks climb. The SEC proposed amendments to its “Privacy of Consumer…
Read more SEC tightens data breach regulation | Bank Automation NewsMost financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined with AI. Three-quarters of banks are not…
Read more 75% of global banks unprepared for open banking | Bank Automation NewsFidelity Information Services is looking to the public cloud to scale operations and reduce costs. FIS has nearly 60% of its operations on public cloud, Chief Executive Stephanie…
Read more Inside look: FIS’ cloud strategy | Bank Automation NewsJack Henry invested in automation technology, grew its client base and explored AI during its fiscal third quarter, which ended March 31. The tech provider is working on…
Read more Jack Henry to launch cloud-native solutions | Bank Automation NewsTech giant Apple reported record revenue from its services businesses, which include payments and iCloud, and is going knee-deep in its generative AI foray. “We set an all-time…
Read more Apple posts record services revenue | Bank Automation NewsTechnology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month. Jack Henry’s financial institution clients can tap into the tech…
Read more Q&A with Jack Henry | Bank Automation NewsNavy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe. “We selected Zafin to help us as…
Read more Navy Fed selects Zafin for core modernization | Bank Automation NewsBNY Mellon has selected technology services provider Accenture to enhance the bank’s data and analytics services. The bank will use Accenture’s AI and data expertise to introduce new…
Read more Transactions: BNY Mellon, Accenture team up to boost data and analytics services | Bank Automation NewsCitigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in…
Read more Citi focuses on streamlining, automation | Bank Automation NewsFinancial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We definitely see cloud migration as a must,” Rodrigo Silva, regional director for…
Read more Podcast: Cloud migration ‘a must’ for FIs | Bank Automation NewsJPMorgan continues its cloud migration efforts as it works to move its applications and data to the cloud this year. “Getting our tech to the cloud. … It’s…
Read more 70% of JPM apps to be cloud-native | Bank Automation News
