Premium Archives

Visitors sit at restaurant tables against a backdrop of Tower Bridge in London, UK, on Saturday, June 10, 2023. Soaring temperatures caused by a blast of hot air led the UK to post fresh health warnings through the weekend. Photographer: Chris Ratcliffe/Bloomberg

The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend ...

Transactions: Citi taps Traydstream for document processing

byVaidik Trivedi

December 6, 2023

Citibank is looking to reduce manual processing risk and costs by utilizing document processing company, Traydstream to automate document information ...

Bank of America to spend $3.8B on tech initiatives in 2024

byWhitney McDonald

December 6, 2023

Bank of America expects to spend $3.8 billion on technology development in 2024 as its overall spending increases due to ...

Le Wagon, coding bootcamp in Paris, France, on January 22, 2018.Photographer: Marlene Awaad / Bloomberg

McKinsey sees AI adding up to $340B to Wall Street profit

byBloomberg News

December 5, 2023

Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, ...

BNP Paribas aims for 1K AI uses by 2025

byVaidik Trivedi

December 4, 2023

BNP Paribas aims to develop 1,000 AI use cases by 2025. The $2.6 trillion, Paris-based bank has been using AI ...

Fintech funding: Digital lending startups lead with 70% jump

byWhitney McDonald

December 4, 2023

Digital lending startup funding drove global fintech funding rounds during the third quarter as automated lending strategies gained investor attention. ...

The Bank of Montreal (BMO) headquarters in Toronto, Ontario, Canada, on Wednesday, March 8, 2023. Rising rates are expanding Canadian banks' net interest margin, but a flatter and inverted yield curve limits upside, and a peak may come in 2023. Photographer: Della Rollins/Bloomberg

BMO completes conversion of Bank of the West

byWhitney McDonald

December 1, 2023

BMO Financial Group completed the conversion of Bank of the West customer accounts to BMO operating systems during its fiscal ...

Royal Bank of Canada (RBC) headquarters in the financial district of Toronto, Ontario, Canada, on Thursday, Aug. 24, 2023. Royal Bank of Canada said it plans to cut as much as 2% of its full-time equivalent staff in the coming quarter after a surge in expenses weighed on third-quarter results. Photographer: Cole Burston/Bloomberg

RBC to acquire HSBC Canada for $10B

byVaidik Trivedi

November 30, 2023

Royal Bank of Canada is set to close its CA$13.5 billion ($10 billion) all-cash acquisition of HSBC Canada in the ...

By the Numbers: Automation, data analytics draw banks to the cloud

Transactions: Alkami, Finastra, Temenos Q3 wins

byWhitney McDonald

November 29, 2023

Technology providers Alkami, Finastra and Temenos all brought on new financial institution customers in the third quarter as demand for ...

What’s next for Apple Card: Fintech or traditional FI?

byWhitney McDonald

November 29, 2023

Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market ...

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Tag: Premium

UK consults on plans to regulate tech firms critical to finance

Transactions: Citi taps Traydstream for document processing

Bank of America to spend $3.8B on tech initiatives in 2024

McKinsey sees AI adding up to $340B to Wall Street profit

BNP Paribas aims for 1K AI uses by 2025

Fintech funding: Digital lending startups lead with 70% jump

BMO completes conversion of Bank of the West

RBC to acquire HSBC Canada for $10B

Transactions: Alkami, Finastra, Temenos Q3 wins

What’s next for Apple Card: Fintech or traditional FI?

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