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Truist Financial closed its acquisition of finance company BankDirect Capital Finance in the fourth quarter of 2022. The deal for the finance company to operate under the bank’s Truist Insurance Holdings arm was announced Sept. 6, according to a Truist release. BankDirect brings life insurance, new team members and enhanced risk management solutions to Truist, […]
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Whitney McDonald
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Truist Financial increased its non-interest expenses in the fourth quarter of 2022 as minimum wage increased and the bank invested in technology, acquisitions, revenue-generating business and call center staff. The $548 billion bank’s adjusted non-interest expenses grew 8% year over year to $3.4 billion, according to its Q4 earnings presentation. WHY IT MATTERS: Although expenses […]
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Lindsay Holden, head of Truist Foundry and co-founder of fintech Long Game, will present during the session “Ideation in banking – The art of generating new ideas for products, processes and strategies” at the Bank Automation Summit U.S. 2023 on Thursday, March 2 at 11:15 a.m. ET.
Holden will discuss strategy development, changing legacy technology and cultivating a team culture – something she brought to Truist from her own startup Long Game which was acquired by the $548 billion, Charlotte, N.C.-based bank in May.
Holden leads Truist’s latest innovation division, which launched in October, where she has implemented a startup-like culture at the bank, she previously told Bank Automation News.
Holden joins Bryce Elliott, executive vice president and chief information officer for wholesale and enterprise payments technology at Truist, who will also speak at the Summit.
The Summit will take place March 2-3 at the Westin Charlotte in Charlotte, and brings together U.S.-based industry experts to discuss banking automation technology and operations strategies.
Learn more about the Bank Automation Summit U.S. 2023 here and register here.
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Compliance solutions provider Fenergo has hired former Truist executive Tracy Moore as its director of strategy in the Americas. In her new role, Moore will be responsible for the development and execution of Fenergo’s business strategy and go-to-market plan, as well as client relationships and fulfilling its digital transformation objectives, according to a Fenergo release. […]
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Bryce Elliott, executive vice president and chief information officer for wholesale and enterprise payments technology at Truist, joined the speaker faculty for the Bank Automation Summit U.S. 2023 and will be part of the panel “Solving data expandability issues through cloud” on Thursday, March 2, at 9:15 a.m. ET.
The panel discussion will dive into the latest in cloud modernization, rules for cloud implementation and implications for core systems.
Elliott previously participated at the recent Bank Automation Summit Fall 2022 in Seattle, where he discussed how the $534 billion bank is leveraging cloud capabilities through the adoption of new messaging standards and data analytics.
Truist’s recent innovation efforts include the launch of Truist Foundry and new digital investment solutions Truist Trade, Truist Invest and Truist Invest Pro.
The Summit brings together U.S.-based industry experts to discuss banking automation and technology topics including how to address legacy core systems, businesses intelligence for banking and automating real-time payment processes.
Learn more about Bank Automation Summit U.S. 2023 and register here.
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Truist Financial has launched Truist Trade, a self-directed investing solution that allows clients to open investment accounts and conduct online trading. The $534 billion bank unveiled the offering last week as an addition to its Truist Wealth portfolio, according to a Truist release. There are no minimum account requirements, along with commission-free trades for stocks, […]
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Technology spend at banks grew in the third quarter as mobile usership, tech partnerships and digital enhancements remained a priority for most of the larger financial institutions. The $1.6 trillion Goldman Sachs, for one, allocated $459 million for technology and communication in Q3, up 16% year over year. The $3.1 trillion Bank of America’s tech […]
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