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[ad_1] Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open...
[ad_1] JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been...
[ad_1] Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. Plaintiff Sebastian Owens, among others in the...
[ad_1] Truist Financial is seeing increased mobile banking adoption among its customers as it prioritizes personalized experiences. “You hear people talk ‘digital first,’ [but] I would...
[ad_1] 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...
[ad_1] Citizens Bank has hired 750 engineers over the past four years to boost its in-house technology innovation capabilities. The hiring has helped “us transform from...
[ad_1] AI coupled with an open banking framework provides better access to credit for consumers. The technology presents an opportunity for consumers with limited credit to...
[ad_1] Bank of America is investing in technology initiatives as automation and digitalization remain priorities. The $3.2 trillion bank spends $12 billion annually on technology, a...
[ad_1] 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...
[ad_1] TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about...
[ad_1] American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers. “Amex has integrated with...
[ad_1] NEW YORK — Poland-based Nest Bank is piloting its AI-driven chatbot solution N!Assistant to decrease contact center volume and improve customer satisfaction. The pilot...
[ad_1] Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding...
[ad_1] While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. Funding for AI-focused fintechs more than doubled quarter...
[ad_1] American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. “We want to invest in...
[ad_1] Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions are quite bullish when it...
[ad_1] Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, after the Canadian bank...
[ad_1] American Express’ credit and fraud models completely use machine learning and AI. “In fact, the first time American Express used machine learning in the company...
[ad_1] Today, API-connected data access network Akoya teamed up with credit infrastructure and analytics company Nova Credit to allow lenders to deploy cashflow and income data. ...
[ad_1] The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are weighing in on...