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[ad_1] U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density...
[ad_1] Goldman Sachs is trimming its consumer business in the third quarter, turning its attention to bread-and-butter segments including wealth management, dealmaking and trading. “We have...
[ad_1] Citi posted cost reductions in the third quarter as it benefits from ongoing simplification efforts. The $1.7 trillion bank’s total operating expenses clocked in at...
[ad_1] Bank of America clients continued to flock to digital channels in the third quarter as the bank invested in transaction channels, wealth management and self-service...
[ad_1] Financial institutions can couple AI with “behavioral banking” to grow revenue, industry experts say. Behavioral banking is a strategy that banks are exploring to analyze...
[ad_1] Capital One is offering its AirKey authentication tool to other financial institutions to combat rising fraud. Built in-house at Capital One seven years ago, AirKey...
[ad_1] JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of AI tech companies’ inflated valuations. “Tech valuations, or any...
[ad_1] Wells Fargo trimmed its staff and total costs in the third quarter, with efficiency in mind. “We have maintained strong credit discipline and driven significant...
[ad_1] Scotiabank is exploring the use of AI and generative AI to bolster its cybersecurity infrastructure and aims to work with vendors to develop the technology....
[ad_1] Banks and credit unions are using data-driven insights to diversify their offerings, create personalized experiences and grow their operations. Use of data-driven insights is...
[ad_1] Toronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice prosecutor said in a Newark, New Jersey, courtroom on Thursday. Two of...
[ad_1] Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. Venture capital funding for...
[ad_1] Payments platform PayNearMe announced Oct. 3 that it will integrate PayPal’s full-stack processing capabilities into its platform. “Reliability is of utmost importance to PayNearMe, and...
[ad_1] Bank of America depends on client feedback when approaching innovation. “We’re always gathering feedback from our clients to understand what their emerging needs are, and...
[ad_1] U.S. banks are investing in health care payments technology companies to diversify revenue. The points of convergence between fintechs and healthtech companies are increasing, especially...
[ad_1] Bank of America has created a digital solution for parents looking to teach financial responsibility to their children. Ninety percent of parents responding to...
[ad_1] Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their...
[ad_1] Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to the evolving tech to increase...
[ad_1] As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow to boost transaction volume and...
[ad_1] Survivors of future natural disasters like last week’s devastating Hurricane Helene, could soon be able to receive Federal Emergency Management Agency funds instantly through the...