CHICAGO — PNC is introducing agentic AI into software development and seeing tangible returns, Charaka Kithulegoda, chief information officer and executive vice president of retail banking, said Nov.…
Read more PNC using agentic AI in software developmentAmid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is asking for data sharing companies to pay for…
Read more Should banks charge for access to consumer data?Amid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is asking for data sharing companies to pay for…
Read more Should banks charge for access to consumer data?PNC’s acquisition of FirstBank, announced Sept. 8 would see the banks’ full integration by midyear 2026. The deal, with an estimated value of $4.1 billion, halted FirstBank’s core…
Read more FirstBank halts core migration amid PNC acquisitionPNC’s acquisition of FirstBank, announced Sept. 8 would see the banks’ full integration by midyear 2026. The deal, with an estimated value of $4.1 billion, halted FirstBank’s core…
Read more FirstBank halts core migration amid PNC acquisitionPNC is developing a decisioning dashboard that will give customers control over where their financial data is shared. The Section 1033 open banking rule published by the Consumer…
Read more PNC dashboard puts data sharing in customers’ handsMajor banks in the United States are increasing tech investment for added efficiencies and frictionless digital experiences — which has become the consumer’s expectation since the pandemic. There…
Read more How CFOs approach tech spend | Bank Automation NewsPNC Financial worked to expand to new markets and grow its digital platforms in the first quarter. The bank listed three long-term efforts in its 2023 annual report: …
Read more PNC invests in retail banking technology platform | Bank Automation NewsTrust Point Inc. acquired a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) in the 4th quarter, according to its most…
Read more Trust Point Inc. Acquires Shares of 2,963 The PNC Financial Services Group, Inc. (NYSE:PNC)PNC Financial Services’ junior and senior coders are split on how much they can rely on generative AI for code generation and writing. Junior coders use gen AI…
Read more Junior, senior coders split on gen AI | Bank Automation NewsBoth KeyBank and PNC Bank are exercising caution in how they roll out generative AI to their customers. The models need to be refined for accuracy before consumers…
Read more KeyBank 2-3 years from gen AI features for customers | Bank Automation NewsAchmea Investment Management B.V. lessened its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) by 75.0% in the third quarter, according to its most…
Read more Achmea Investment Management B.V. Trims Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)PNC Financial plans to spend $425 million this year on its ongoing improvement plan, which funds business and technology investments. As the Pittsburgh-based bank looks to continue to…
Read more PNC to spend $425M on improvement plan in 2024 | Bank Automation NewsTechnology leaders from PNC Financial Services will speak at Bank Automation Summit U.S. 2024 to discuss automation and creating a culture for AI. The speakers are Scott…
Read more PNC tech leaders join Bank Automation Summit U.S. 2024 | Bank Automation NewsMajor U.S. banks invested in AI and automation while pulling back on headcount as cost reductions remained a priority during the third quarter. Bank of America, BNY Mellon,…
Read more Q3 earnings roundup: Tech spend up, headcount down | Bank Automation NewsPNC upped its 2023 improvement plan savings outlook by $50 million in the second quarter, increasing its cost-reduction efforts to $450 million, up from the previously announced $400…
Read more PNC continues cost controls in Q2 | Bank Automation NewsWe’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. Summary Summary U.S Europe Asia FX Rates Futures ETFs Crypto…
Read more Bank of America, Morgan Stanley, Lockheed, Masimo, Novartis, and More Stock Market MoversThe U.S. Federal Reserve said Wednesday that all 23 banks in this year’s stress tests withstood a hypothetical “severe” global recession and losses of up to $541 billion…
Read more Fed stress tests see large banks able to handle recession and slide in commercial real estate pricesGoodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways…
Read more HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.PNC is rebuilding its technology stack to be more modern and flexible, Michael Degnan, head of enterprise innovation at PNC, said Wednesday at Fintech Nexus in New York.…
Read more PNC rebuilding tech stack to add flexibility | Bank Automation News
