Premium Archives

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy ...

A sign at the headquarters of Lloyds Banking Group Plc in London, UK, on Monday, March 20, 2023. European stocks slumped on Monday, as UBS Group AGs agreement to buy Credit Suisse Group AG failed to assuage fears about potential global banking turmoil. Photographer: Jason Alden/Bloomberg

Lloyds Bank to reduce costs by $1.5B in 2024

byWhitney McDonald

February 22, 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024. ...

What will it take to satisfy CFPB on AI-based credit decisioning?

FIS leader talks M&A, tech integration

byWhitney McDonald

February 22, 2024

Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks. Tech ...

Transactions: U.S. Bank, Pagaya join forces for AI-driven underwriting

byVaidik Trivedi

February 21, 2024

U.S. Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers. Pagaya’s AI-powered ...

A sign above HSBC Holdings Plc bank branch, that is due to close, in Windsor, UK, on Tuesday, Dec. 6, 2022. HSBC Holdings Plc has announced plans to shutter more than 100 of its UK branches next year as the bank pushes more of its customers to use its online services. Photographer: Jason Alden/Bloomberg

HSBC to boost tech spend in 2024

byWhitney McDonald

February 21, 2024

HSBC plans to increase spending in 2024 as the bank invests in technology and its people. Costs are expected to ...

Capital One, Discover integration could cost $2.8B

byWhitney McDonaldand1 others

February 20, 2024

Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration ...

Barclays drives savings through investments in tech

byVaidik Trivedi

February 20, 2024

Barclays is saving money and improving its customer experience through technology investments. Total operating expenses for its investing banking arm ...

Truist nears sale of insurance arm to Stone Point, CD&R

byBloomberg News

February 20, 2024

Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point ...

A Capital One bank branch in New York, US, on Tuesday, Jan. 23, 2024. Capital One Financial Corp. is scheduled to release earnings figures on January 25. Photographer: Jeenah Moon/Bloomberg

Capital One to buy Discover Financial in $35B stock deal

byBloomberg News

February 19, 2024

Capital One Financial Corp. agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create ...

A woman uses an automated teller machine (ATM) at a bank branch of Natwest Group Plc on Queen Street in Cardiff, UK, on Friday, Oct. 28, 2022. UK inflation could soar to 15% or more early next year unless the government sets out further measures to protect households from a jump in energy bills, economists said. Photographer: Hollie Adams/Bloomberg

NatWest saves $315M a year through digitalization

byVaidik Trivedi

February 16, 2024

NatWest is saving on costs and improving the customer journey through technology. “Since 2021, we have delivered run rate savings ...

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Tag: Premium

Nvidia’s data center revenue up 409%

Lloyds Bank to reduce costs by $1.5B in 2024

FIS leader talks M&A, tech integration

Transactions: U.S. Bank, Pagaya join forces for AI-driven underwriting

HSBC to boost tech spend in 2024

Capital One, Discover integration could cost $2.8B

Barclays drives savings through investments in tech

Truist nears sale of insurance arm to Stone Point, CD&R

Capital One to buy Discover Financial in $35B stock deal

NatWest saves $315M a year through digitalization

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