People First FCU to add FedNow send capabilities in 2025
People First Federal Credit Union has joined the Federal Reserve’s real time payments network, FedNow, as a receiver and aims...
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Bank of America clients tap Erica for subscription monitoring
Bank of America clients are using the bank’s AI-driven digital assistant Erica for data-driven insights to manage subscriptions and recurring...
Fintech startup Chime submits confidential filing for IPO
Chime Financial Inc., a financial technology company focused on no-fee banking services, has submitted a confidential filing with the US...
ROI of AI: Is the juice worth the squeeze?
C-suite executives at financial institutions are implementing AI and generative AI throughout their organizations, but as experimentation turns into application,...
Transactions: Red Hat to host SBS solutions
Red Hat’s cloud platform OpenShift will now host digital solutions for digital banking service provider SBS, according to a Dec....
Bank of America headcount down 25% since 2010, CEO Brian Moynihan says
Brian Moynihan hit his 15th anniversary as chief executive at Bank of America this week and shared how automating tasks...
TD to implement up to 2K tech ideas from employees in FY25
TD Bank is driving innovation internally by encouraging employees to submit their tech ideas to enhance the bank’s product offerings...
94% of FIs expect higher data spend in 2025
Financial institutions are bracing for higher data budgets in 2025 primarily driven by cloud infrastructure and AI technology. Nearly 94%...
Q&A with Iron Mountain’s Mario Palarca on intelligent business process management
Financial institutions are looking to invest further in digital transformation initiatives including automation and AI to ensure they have access...
Open banking helps WECU increase funding by 10%
Bellingham, Wash.-based credit union WECU has increased funding through its digital channels by 10% since implementing open banking in 2022. ...
