Scotiabank pulls back on headcount, ups tech spend by 12%
Scotiabank reduced its headcount and branch footprint in its fiscal fourth quarter while upping its investment in technology as part ...
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European fintech funding: Fintechs struggle with profitability
European fintech funding experienced a massive drop in funding and number of deals in the third quarter. While some fintechs ...
Citi prioritizes embedded digital payment strategy
As demand for embedded payment offerings continues to climb, Citigroup’s Citi Pay plans to keep up. Global revenue from embedded ...
Movers & Shakers: Truist names 3 C-level execs
Truist Financial continued its managerial overhaul this month with appointments to fill the new chief operating officer position as well ...
Nvidia sees Q3 surge in demand for AI solutions
Chip-making behemoth Nvidia’s earnings for its fiscal third quarter were driven by a rise in data center demand, deepening relationships ...
Transactions: Grasshopper SaaS clients gain Capchase funding options
Grasshopper Bank and startup-focused financial solutions fintech Capchase joined forces last week to offer startup funding options. Macroeconomic conditions have ...
Account takeover losses may exceed $635B in 2023
Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud ...
EU banks post record earnings, UK banks struggle for deposits
Major banks in the European Union and the United Kingdom benefited from high rates during the third quarter, while others ...
Fintech funding: Mega rounds increase 50% QoQ
Global fintech funding dropped marginally in the third quarter sequentially, but deals worth more than $100 million substantially increased as ...
D.L. Evans Bank saves $1M with Laserfiche automation
D.L. Evans Bank has been working with and expanding the use of software company Laserfiche capabilities for 25 years, resulting ...
