Bank of America spending $12B on technology annually
Bank of America is investing in technology initiatives as automation and digitalization remain priorities. The $3.2 trillion bank spends $12 ...
Tag: AI
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 investor dollars. Funding for AI-focused ...
78% of regional FIs say AI can help find new business
Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions ...
Nvidia data center revenue up 154% YoY
Chip manufacturing behemoth Nvidia reported record second-quarter revenue on growing demand for its data centers, hardware and AI models. “Data ...
BMO bot enables 3M customer interactions
Bank of Montreal is deploying AI to improve customer experience and grow digital sales of its products to gain market ...
Movers and Shakers: Wells Fargo appoints two new tech leaders
San Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader of the bank’s new generative AI ...
CFPB probes emerging AI-based tech
The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the ...
Regional FIs deploy tech to remain competitive
Regional banks are deploying technology to keep up with client demand and compete with major financial institutions. The $62 billion ...
How Valley Bank taps AI to do more with less
Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank ...
Pagaya eyes personal, auto loans with OneMain Financial
AI-based financier Pagaya Technologies plans to expand its new relationship with subprime auto lender OneMain Financial to an enterprise agreement as Pagaya eyes continued ...
