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[ad_1] Truist’s investment in digital capabilities helped the bank keep up with growing client demand for mobile and digital channels in the second quarter. “We continue...
[ad_1] Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau alleged that...
[ad_1] Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage...
[ad_1] KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations. “The reason...
[ad_1] The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and...
[ad_1] Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures. The bank reported that 70%...
[ad_1] The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by...
[ad_1] Truist cut jobs in core technology and operations following more recent pullbacks on tech at the institution. “We recently notified technology teammates about certain roles...
[ad_1] TD Bank has selected AI-solutions company Cohere to test its AI and large language models and improve their reliability. Cohere’s solutions will help TD improve...
[ad_1] Ally Financial continues to invest in its digital capabilities as clients gravitate toward its online channels. “We’ve made significant investments to modernize our technology platform,...
[ad_1] U.S. Bank expects revenues from its payments segment to continue to climb as it develops and deploys technology for small- and medium-sized businesses. The $669...
[ad_1] HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive...
[ad_1] Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth...
[ad_1] Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to...
[ad_1] EverBank considers strong platforms and API-first integrations when selecting third-party vendors to modernize operations. “If we build good platforms that are API-first, we can...
[ad_1] Goldman Sachs is recognizing opportunities for AI-related financing activities as companies continue to adopt the technology. “Recently, our board of directors spent a week in...
[ad_1] BNY is unifying products and solutions on its platform to ensure its investment capabilities are readily available to clients in one place. With BNY’s...
[ad_1] Wells Fargo is improving its customer experience with investments in branch technology and enhanced self-service options. “We continue to optimize and invest in our...
[ad_1] German bank Solaris SE faces financial penalties if it doesn’t meet deadlines for fixing controls, after failing to do so for years, according to Bloomberg....
[ad_1] Citigroup’s multiyear modernization strategy saw progress in the second quarter as the bank’s tech investments proved more necessary after the Federal Reserve Board penalized the...