The global banking sector is adding to its C-suite to keep pace with the AI revolution. Enter the chief artificial intelligence officer (CAIO). A CAIO is an executive focused on the oversight of development, strategy and implementation of AI,…
Read more 2025 brings leadership rethink as banks install chief AI officers worldwideIBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in the tech. “Clients are reprioritizing their IT…
Read more IBM gen AI business reaches $3B in Q3NatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,”…
Read more NatWest invests in tech | Bank Automation NewsNatWest Group Plc has agreed to acquire J Sainsbury Plc’s banking business as the British lender looks to seize more market share in retail banking. Britain’s second-largest grocer…
Read more NatWest agrees to acquire Sainsbury’s retail banking unit | Bank Automation NewsGlobal Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month. CommerzBank, based in Frankfurt, Germany, will…
Read more Transactions: CommerzBank, Global Payments enter joint venture for payments solutions | Bank Automation NewsNatWest is driving its costs down by reducing branches, trimming headcount and simplifying operations. “We incurred higher severance, branch and property exit costs in the first quarter…
Read more NatWest to streamline to reduce costs | Bank Automation NewsSwindon, U.K.-based Nationwide Group has offered to acquire U.K.-based financial institution Virgin Money for 2.9 billion pounds ($3.7 billion) in cash, according to a March 21 Nationwide release. The…
Read more Nationwide to buy Virgin Money for $3.7 bn | Bank Automation NewsNatWest is saving on costs and improving the customer journey through technology. âSince 2021, we have delivered run rate savings of around 250 million pounds ($315 million) a…
Read more NatWest saves $315M a year through digitalization | Bank Automation NewsLast Updated: 10/02/24 4:24pm France fought back valiantly to steal the win Sam Skinner’s late try was controversially ruled out by the TMO as Scotland suffered a 20-16…
Read more Scotland 16-20 France: Late Scotland try denied by TMO as Les Blues snatch Six Nations victoryIreland produced a magnificent display in Marseille as they registered a first Six Nations win in France since 2018 Ireland began life in the post-Johnny Sexton era in…
Read more France 17-38 Ireland: Superb visitors claim bonus-point Six Nations victory in Marseille as Paul Willemse shown redAs AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according to the Bank of England’s…
Read more Bank of England explores risks of AI | Bank Automation NewsNatWest’s generative AI team is looking at hundreds of applications for the technology throughout the bank, and categorizing the use cases is part of the strategy. “What’s happening…
Read more NatWest categorizes gen AI in 4 ways | Bank Automation NewsSaracens director of rugby Mark McCall hopes Owen Farrell’s decision to take a break from international rugby to prioritise his mental well-being will prove to be a wake-up…
Read more Owen Farrell: Saracens boss Mark McCall blasts ‘shameful’ treatment of England captainNatWest is looking to customer data to drive deposits amid uncertain macroeconomic conditions. The $890 billion bank is dealing with inflationary pressures and working to reduce costs. Technology…
Read more NatWest using data, tech to boost CX | Bank Automation NewsNatWest has integrated three cloud providers into its tech stack since July. As the $890 billion bank based in Edinburgh, Scotland, looks to move its operations to the…
Read more NatWest adds 3 cloud providers | 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 NewsFinancial institutions have kept their noses to the grindstone this year amid industry turbulence and technological disruption. To cut costs and streamline operations, banks looked to AI to…
Read more BAN executives to watch in 2024 | Bank Automation NewsNatWest is deepening its ties with Amazon Web Services to leverage the IT solutions provider’s generative AI capabilities. By the end of 2027, the $886 billion bank aims…
Read more NatWest taps AWS for AI banking tool | Bank Automation NewsNatWest has selected fintech Icon Payments Framework to modernize its payments capabilities. Icon Payments Framework (IPF) is a low-code, cloud-native platform that allows financial institutions to enhance…
Read more NatWest modernizes payments | Bank Automation NewsBarclays UK has announced the appointment of Lee Counselman as a managing director for technology investment banking. Counselman will focus on strategic M&A and equity work within the…
Read more Barclays appoints Counselman tech MD | Bank Automation News
