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[ad_1] HSBC continued to invest in digitalizing its retail and transaction banking businesses in the first half of 2024. “The steps we’ve taken to change our...
[ad_1] Daniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van Stiphout. His appointment is effective Aug. 5. Tonella previously served...
[ad_1] Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such...
[ad_1] During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal Reserve. ...
[ad_1] Deutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports. Santander reported today that it saved...
[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] 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] 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] 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] 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] 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] JPMorganChase has achieved straight-through processing to share loan data and improve efficiencies, reduce errors and delays in loan processing. Straight-through processing (STP) allows JPMorgan to...
[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...
[ad_1] EverBank is selecting third-party vendors and updating manual processes throughout the bank, according to Lindsay Lawrence, executive vice president and chief operating officer. “We’re...
[ad_1] Financial institutions are looking to mergers and acquisitions to expand their footprints in growing markets and leaning on their growth for technology investment. For smaller...
[ad_1] Hudson, Mass.-based bank Avidia Bank has selected digital banking service provider Q2 to improve its digital banking capabilities. The $2.5 billion bank will also...
[ad_1] In part one of my blog, I explored how current macroeconomic events are akin to a solar storm and the Northern Lights are the manifestation...