3 global banks identify AI use cases

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3 global banks identify AI use cases 3 global banks identify AI use cases

Barclays, Citi and HSBC are all exploring AI, and representatives of the three banks are sharing..
Just 40% of financial institutions satisfied with cloud investment Just 40% of financial institutions satisfied with cloud investment

Many financial institutions are not satisfied with the investments made in their cloud..
Citizens digital tools offer intuitive experience Citizens digital tools offer intuitive experience

Citizens Bank continues to focus on building out its in-house solutions, adding digital tools to..
Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower..
Howard Lutnick Is Scouting Trump’s Nominees. Some Will Oversee His Interests. Howard Lutnick Is Scouting Trump’s Nominees. Some Will Oversee His Interests.

Howard Lutnick, co-chair of the president-elect’s transition team and a Wall Street financier, is..
Digital offerings draw younger clients to FIs Digital offerings draw younger clients to FIs

Younger bank clients are seeking more digital offerings from financial institutions as interest in..
5 questions with … John Frerichs of JPMorgan Chase 5 questions with … John Frerichs of JPMorgan Chase

Chase for Business is innovating to meet the evolving needs of its small- to medium-sized business..
Why Bond Yields Are Rising After Trump’s Victory Why Bond Yields Are Rising After Trump’s Victory

Yields on government bonds — which underpin all kinds of borrowing in the economy — are rising. But ..
Here’s What to Watch as the Fed Meets Thursday Here’s What to Watch as the Fed Meets Thursday

Federal Reserve officials are widely expected to cut rates by a quarter point, as uncertainty about ..
Citizens streamlines account openings with in-house solutions Citizens streamlines account openings with in-house solutions

Citizens Bank is moving away from third-party vendors and launching in-house solutions to simplify..
Alliant Credit Union saves customers $500M in 2024 Alliant Credit Union saves customers $500M in 2024

Alliant Credit Union is looking to create value for its customers by offering digital solutions..
Tech roundup: Giants report growing cloud revenue Tech roundup: Giants report growing cloud revenue

Tech giants are reporting growing cloud business as companies around the globe adopt generative AI..
CFPB director favors ‘the end of screen scraping’ CFPB director favors ‘the end of screen scraping’

LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial..
I’m Out of Work. Can I Take a Job in a Predatory Industry? I’m Out of Work. Can I Take a Job in a Predatory Industry?

The magazine’s Ethicist columnist on what to do when your financial needs conflict with your..
Yellen Rebukes Chinese Lending Practices in Call for Debt Relief Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

In an interview, the Treasury secretary also highlighted progress at the World Bank and the..
Fifth Third’s tech spend jumps 5% YoY Fifth Third’s tech spend jumps 5% YoY

Fifth Third Bank’s overall noninterest expenses increased in the third quarter driven by higher..
Revolut Business, Amex team up for payments acceptance Revolut Business, Amex team up for payments acceptance

London-based Revolut Business is accepting American Express cards to boost revenue.  Revolut..
Want More Inflation? Go Ahead, Let Presidents Meddle With the Fed Want More Inflation? Go Ahead, Let Presidents Meddle With the Fed

When presidents try to influence the central bank, they tend to push for lower interest rates — and ..
Wells Fargo’s tech spend up and headcount down in Q3 Wells Fargo’s tech spend up and headcount down in Q3

Wells Fargo trimmed its staff and total costs in the third quarter, with efficiency in mind.  “We..
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case

The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money..
Banks diversify with healthtech investment Banks diversify with healthtech investment

U.S. banks are investing in health care payments technology companies to diversify revenue.  The..
Gen AI to boost customer loyalty, Forrester says Gen AI to boost customer loyalty, Forrester says

Financial services providers are exploring generative AI uses for coding, customer service and..
U.S. Raises New Concerns Over Chinese Lending Practices U.S. Raises New Concerns Over Chinese Lending Practices

A Treasury official will call for greater transparency over emergency currency “swap” loans to..
Fed Chair Powell Underscores That More Rate Cuts Are Coming Fed Chair Powell Underscores That More Rate Cuts Are Coming

Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up..
Wells Fargo applies vendor tech across business lines Wells Fargo applies vendor tech across business lines

Wells Fargo looks across all of its business lines when making investment decisions and selecting..
Trump’s Huge Civil Fraud Penalty Draws Skepticism From Appeals Court Trump’s Huge Civil Fraud Penalty Draws Skepticism From Appeals Court

A five-judge New York appellate panel questioned both the size and validity of a judgment of more..
Real-time data drives consumer decisions post rate cut Real-time data drives consumer decisions post rate cut

Financial institutions are looking to real-time, data-driven insights to suggest actions clients..
SMEs ‘one of the biggest winners’ of open banking SMEs ‘one of the biggest winners’ of open banking

Open banking regulation set to finalize this fall will boost small- and medium-sized-enterprise..
Transactions: Citizens Bank, Navan team up for travel expense management Transactions: Citizens Bank, Navan team up for travel expense management

Citizens Bank has teamed up with Navan to provide its commercial customers with travel expense..
Central Banks Around the World Are Cutting Rates Central Banks Around the World Are Cutting Rates

Inflation has fallen in most developed nations, and central bank officials are now trying to steer..
An Interest Rate Cut An Interest Rate Cut

We explore the politics of today’s Fed announcement.
European Central Bank Cuts Rates for Second Time in Three Months European Central Bank Cuts Rates for Second Time in Three Months

The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces..
Online Credit Unions Offering High Interest Rates on Savings May Be Fakes Online Credit Unions Offering High Interest Rates on Savings May Be Fakes

Ontario’s financial regulator has issued warnings about three websites illegally claiming to be..
For the Fed, a Sign That the Job Market is Cooling but Not Imploding For the Fed, a Sign That the Job Market is Cooling but Not Imploding

Fed officials have been watching the job market as they move toward a rate cut this month. Friday’s ..
Why It’s So Hard for China to Fix Its Ailing Economy Why It’s So Hard for China to Fix Its Ailing Economy

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis ..
50% of Bank of America transactions are contactless, leader says 50% of Bank of America transactions are contactless, leader says

ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here..
Transactions: BNY, CBA join for cross-border near real-time payments Transactions: BNY, CBA join for cross-border near real-time payments

BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near..
How Wall Street Learned About Last Week’s Labor Data Before the Public How Wall Street Learned About Last Week’s Labor Data Before the Public

The Labor Department provided insight into a recent lapse in which revised payrolls data were given ..
The Crypto Industry Loudly Defends Telegram’s Pavel Durov The Crypto Industry Loudly Defends Telegram’s Pavel Durov

When the messaging app’s founder, Pavel Durov, was arrested, he received a flood of support from a..
TD Bank expects to pay $2.6B for US compliance lapse TD Bank expects to pay $2.6B for US compliance lapse

TD Bank took a provision of $2.6 billion in the third quarter as it estimates the cost of fines..
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