CFO: AI to help State Street ‘rewire how we operate’
State Street Corp. expects to increase its software developers’ productivity by 30% to 40% in the next three years as it incorporates...
Strategy
Regional banks, wealth management lead financial services M&A
Smaller deals involving regional banks and wealth managers are driving acquisitions in the financial services industry, according to a clutch...
New York leads nation in moratorium on new big data centers
New York has become the first state to issue a moratorium on new hyperscale data centers as localities across the...
IBM shares plunge after sales miss, CEO says ‘we faltered’
International Business Machines Corp. shares slid after the company reported preliminary second-quarter sales that fell short of expectations, attributing the...
Build an Antifragile Strategy to Outperform the Market
You deserve a strategy that does more than just survive market shifts. Running a bank today means navigating economic pressure...
IBM breaks down quantum-AI roadmap for FIs
IBM is laying the groundwork for the convergence of AI and quantum computing in financial services by optimizing hybrid algorithms. The tech giant says that...
Lloyds and Google are deploying AI for insurtech
Lloyd's of London, insurance company The Hartford and Google Cloud are deploying AI into insurance underwriting and risk prevention. The two...
Fed’s Williams says AI is now his main inflation concern
Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the United States,...
Micron boosts US spending to $250B to feed memory boom
Micron Technology Inc. plans to increase its spending on new plants in the United States to $250 billion to help...
Axos Financial to acquire Arc Technologies in AI banking push
Axos Financial has agreed to acquire Arc Technologies, an AI-native financial technology platform serving technology and growth companies, in a...
