5 AI-driven fintechs to watch
AI-driven fintechs have been top recipients of venture capital funding in 2025, attracting $7.2 billion out of $44.7 billion of total global fintech funding during the first half…
Read more 5 AI-driven fintechs to watchTag: finovate
5 AI-driven fintechs to watch
AI-driven fintechs have been top recipients of venture capital funding in 2025, attracting $7.2 billion out of $44.7 billion of total global fintech funding during the first half…
Read more 5 AI-driven fintechs to watchGen AI return on investment ‘not that great,’ credit union CTO says
NEW YORK — Financial institutions are diving headfirst into gen AI but University of Michigan Credit Union hasn’t seen much in terms of its return on investment. Amid…
Read more Gen AI return on investment ‘not that great,’ credit union CTO saysMichigan credit union leans into AI to streamline loan originations
NEW YORK – University of Michigan Credit Union is building an AI-driven loan origination system to speed the loan application process and, in turn, boost revenue. The $1.3…
Read more Michigan credit union leans into AI to streamline loan originations
Five AI-driven fintechs to watch
Banks and investors are evaluating AI-driven startups for long-term growth opportunities. “Investors are keeping close tabs on AI-related innovation,” Isaiah Payne, managing director at investment banking firm…
Read more Five AI-driven fintechs to watch
KeyBank to hold off on FedNow until DDA reach hits 5%
NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth. The $184 billion bank wants FedNow…
Read more KeyBank to hold off on FedNow until DDA reach hits 5%
Tough 2023 attributed to ‘cautious’ VCs, high interest rates | Bank Automation News
Fintech valuations and funding rounds had a tough year in 2023 as high interest rates pushed investors into capital conservation mode. In 2023, “VCs were just trying to…
Read more Tough 2023 attributed to ‘cautious’ VCs, high interest rates | Bank Automation News
Open banking: An opportunity for banks to sell data | Bank Automation News
Banks are looking for ways to monetize the sharing of consumer data as open banking regulations are passed across the globe. Open banking pushes banks to collaborate with…
Read more Open banking: An opportunity for banks to sell data | Bank Automation News
Lloyds prioritizes cybersecurity, regtech investment | Bank Automation News
Lloyds Bank is looking to invest in cybersecurity and technology related to insurance and regulatory monitoring in 2024 amid uncertain macroeconomic conditions. “I like regtech because it’s important…
Read more Lloyds prioritizes cybersecurity, regtech investment | Bank Automation News
5 questions with … ING’s Marco Eijsackers | Bank Automation News
ING Bank’s Marco Eijsackers, is head of CIO office, where he is focused on developing and deploying emerging technologies within the $967 billion bank’s operations. The Amsterdam-based ING…
Read more 5 questions with … ING’s Marco Eijsackers | Bank Automation News
Quantum tech can increase trading speed by 15% to 20% | Bank Automation News
Quantum tech provider Quantum Dice has developed hardware to make financial services operations faster and more efficient. The Oxford, U.K.-based company’s hardware can increase the accuracy in…
Read more Quantum tech can increase trading speed by 15% to 20% | Bank Automation News
What bank execs are saying about embedded finance | Bank Automation News
LONDON — Will embedded finance technology usher in a new era of banking, or is the impact of the technology overblown? Bank executives from ClearBank, Deutsche Bank and…
Read more What bank execs are saying about embedded finance | Bank Automation News60% of ING’s mortgage applications are video based | Bank Automation News
LONDON — ING Bank saw increased adoption of its video-based customer service options in 2023, specifically for mortgage applications. “Almost 50% of customers use digital channels for purchasing…
Read more 60% of ING’s mortgage applications are video based | Bank Automation News
Citizens to debut digital assistant | Bank Automation News
NEW YORK — Citizens Bank will launch a virtual assistant, Digital Butler, on its commercial banking app in the next quarter, Jo Wyper, executive vice president of commercial…
Read more Citizens to debut digital assistant | Bank Automation News
70% of Wells Fargo’s client interactions are digital | Bank Automation News
NEW YORK — Nearly 70% of Wells Fargo’s interactions with its customers are digital as it continues to invest and improve its digital banking channels, Jazz Samra, head…
Read more 70% of Wells Fargo’s client interactions are digital | Bank Automation News
BMO eyes 600% ROI | Bank Automation News
New York — Bank of Montreal’s automated savings program adoption is growing and the bank is on track for a 600% return on investment rate for the program…
Read more BMO eyes 600% ROI | Bank Automation News
BNY Mellon collabs with startups through its own accelerator | Bank Automation News
BNY Mellon looks to startups to address internal and client-facing technology challenges throughout the bank. The $31.9 million bank communicates with executives and clients to identify areas of…
Read more BNY Mellon collabs with startups through its own accelerator | Bank Automation News
Lenders should implement these 2 technologies now | Bank Automation News
Regulatory technology and fraud prevention are two areas that financial institutions should be investing in now to reduce losses and overhead costs. As state and federal regulators increase…
Read more Lenders should implement these 2 technologies now | Bank Automation News
JPMorgan using AI to combat financial crimes | Bank Automation News
SAN FRANCISCO — JPMorgan Chase is investing in artificial intelligence to combat fraud and financial crimes as the $2.5 trillion bank looks to increase its precision and capture rate. “There’s really a…
Read more JPMorgan using AI to combat financial crimes | Bank Automation News
5 data and security fintechs to watch | Bank Automation News
Open banking and authentication fintechs caught the eye of attendees at Finovate Spring 2023 this week, with several voted Best of Show by the audience. Forty-four fintech startups…
Read more 5 data and security fintechs to watch | Bank Automation News