IBM gen AI business reaches $3B in Q3
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IBM gen AI business reaches $3B in Q3
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion ..
Nvidia using AI to make AI chips
Chip making giant Nvidia is using AI software to make AI hardware. AI can help designers make..
Fintech EarnIn sued by DC attorney general over 300% rates
Financial-technology firm Activehours Inc., which does business as EarnIn, lures customers in with..
Transactions: Finastra’s Q3 wins, tech deals
U.K.-based fintech Finastra saw growth in digital service and the number of bank partners in the..
Financial institutions gear up for a credit boom with AI
Financial institutions are bolstering their credit offerings to capitalize on lower interest rates..
Powell Says He Will Not Resign if Trump Asks
President-elect Donald J. Trump appointed Jerome H. Powell, the chairman of the Federal Reserve, in ..
BofA says U.S. may take action over money laundering, Zelle
Bank of America Corp. said US regulators may take action against the firm over its efforts to..
PNC dashboard puts data sharing in customers’ hands
PNC is developing a decisioning dashboard that will give customers control over where their..
Gen AI boosts analysis of unstructured data
Generative AI allows banks to analyze unstructured data, which makes up about 80% of all data..
CFPB open banking rule to force innovation
Experts are assessing the effects of the Personal Data Right rule on consumers, competition and..
Money Market Rates Are Lower, Yes. But Compared to What?
Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash,..
Truist clients need online and in-person support after storms
Truist was reminded of the importance of investing in both digital and in-branch offerings..
China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of..
JPMorgan Chase warns of inflated AI tech valuations
JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of..
TD will plead guilty to money-laundering charges in NJ court
Toronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice..
The Trump-Harris Election Is Creating Anxiety on Wall Street
Among deal makers with fortunes at stake, the consequences of a Harris or a Trump win are..
Bank of America takes measured approach to product launches
Bank of America depends on client feedback when approaching innovation. “We’re always gathering..
As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate
Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in..
Bank of America launches financial solution for kids
Bank of America has created a digital solution for parents looking to teach financial..
Our Housing Crisis Has Its Roots in the Financial Crisis
Well-meaning regulations and reforms intended to prevent another financial crisis has pushed..
Podcast: Esquire Bank to launch lending platform in 2025
Esquire Bank considers client needs when determining where to invest in products and innovation. ..
‘One-size-fits-all’ not the best AI strategy
Customer demographics play a role in AI-driven chatbot adoption at financial institutions. “Having ..
Citizens invests in gen AI training
Citizens Bank is training employees on generative AI, engineering, cloud application and..
Big tech pulls back on in-house financial services innovation
Tech giants are bailing out on in-house financial services innovation as they look to embed their..
Stocks Rally a Day After Fed’s Big Interest Rate Cut
The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve..
Open banking safer than screen scraping, experts say
Open banking regulation should promote secure data sharing while eliminating the need for screen..
Citizens hires 750 engineers to boost in-house tech offerings
Citizens Bank has hired 750 engineers over the past four years to boost its in-house technology..
Webinar on future of open banking to feature Finavator’s Beyo
Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank ..
Fintech funding: AI accounts for 30% of $24B Q2 investment
While fintech funding has slowed in recent quarters, companies that focus on AI are attracting..
¿Por qué la economía china está en crisis?
Los consumidores se han vuelto más frugales, las empresas han recortado salarios y contrataciones,..
Chase check fraud not ‘a glitch,’ expert says
Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend,..
America Must Free Itself from the Tyranny of the Penny
Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the..
How to Pay Off Credit Card Debt and Deal With Rising Bank Fees
More borrowers have been falling behind on their credit card bills and are paying more for basic..
Larger FIs may need more time to implement open banking
Open banking regulation is quickly approaching but financial institutions are asking the Consumer..
Wells Fargo updates virtual assistant to monitor spending
Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual..
Monzo moves clients to backup after outage
British challenger bank Monzo reported an outage today that halted some card payments and outbound..
TD Bank sees future opportunity for Tap to Pay
TD Bank largely innovates based on customer feedback and lately it has discovered an opportunity..
Fed Will Scour Jobs Report for Signs of Weakness
Central bankers are preparing to cut interest rates, and are warily monitoring job data as they..
Barclays boosts cloud strategy
Barclays focused on the simplification of its operations and organization during the first half of..
What to Watch as the Fed Meets on Wednesday
The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later..
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