Lloyds Banking Group Plc is using thousands of its staff as guinea pigs for an AI financial assistant it’s designed to help customers manage their spending, saving and…
Read more Lloyds tasks 7,000 staffers with testing out AI assistantSan Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader of the bank’s new generative AI team, according to a July 30 release. Kerrins,…
Read more Movers and Shakers: Wells Fargo appoints two new tech leaders | Bank Automation NewsParis-based BNP Paribas is working with telecom service provider Orange to provide its 21.8 million customers with personal financing solutions, according to a June 26 release. The “tailored…
Read more BNP teams up with Orange for retail financing | Bank Automation NewsLloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. “Cost management remains a core discipline for…
Read more Lloyds’ operating costs up 11% YoY | Bank Automation NewsFintech 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 NewsLloyds 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 NewsMajor banks in the European Union and the United Kingdom benefited from high rates during the third quarter, while others competed for consumer deposits. European banks, including Deutsche…
Read more EU banks post record earnings, UK banks struggle for deposits | Bank Automation NewsDeutsche Bank made a seed investment in AI-driven information and documentation processing company Kodex AI last month. The Berlin-based startup raised 1.6 million euros ($1.7 million) last month…
Read more Deutsche invests in AI-driven fintech | Bank Automation NewsLloyds Bank has selected payments behemoth Visa to provide a virtual card offering to its business customers. Visa Commercial Pay will give Lloyds Bank’s business customers access to…
Read more Lloyds taps Visa for virtual card | Bank Automation NewsBanks are shuttering physical locations as digital and mobile banking adoption rises and footfall in branches dwindles. According to Forrester’s “The State of Digital Banking 2023” March…
Read more A new era of bank branches | Bank Automation NewsLloyds Bank Head of Data and AI Ethics Paul Dongha is focused on developing AI use cases to generate trustworthy and responsible outcomes for the bank’s customers. In…
Read more 5Qs with Lloyds Bank Head AI Ethics | Bank Automation NewsLONDON — The United Kingdom’s innovation-friendly approach to regulating AI could give the country a boost compared to its counterparts in the European Union, Paul Dongha, group head…
Read more UK approach to AI can give it an edge | Bank Automation NewsLloyds Bank is continuing its migration to the ISO 20022 and identifying use cases for the network’s data as its capabilities roll out in phases. The $36 billion…
Read more Lloyds Bank’s ISO 20022 migration | Bank Automation NewsLloyds Bank launched PayMe, a payment transfer service developed in partnership with fintech Bottomline Technologies. PayMe, which launched Tuesday, allows businesses to send payments when the beneficiary’s bank…
Read more Transactions: Lloyds Bank launches payment service | Bank Automation News
