Scotiabank sees gen AI potential via citizen coders
AI development has traditionally been reserved for specific coders with advanced training, but with generative AI, financial institutions can look ...
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Brex, Ally roll out AI-driven assistants
Ally Financial and Brex rolled out AI-driven virtual assistants this week. Ally debuted a customer representative assistant to help service ...
Payments status updates comprise 80% of Citi queries
TORONTO — Eighty percent of queries across Citigroup’s 96-country network — which includes more than 200 million clients — are ...
Lenders using AI-based underwriting must comply to CFPB guidance
The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance, marking a ...
Transactions: NatWest taps AWS for personalized banking tool
NatWest is deepening its ties with Amazon Web Services to leverage the IT solutions provider’s generative AI capabilities. By the ...
Cybersecurity a top risk, Sibos attendees say
TORONTO — Forty-three percent of the audience identified cybersecurity as the No. 1 risk management concern, according to a poll ...
Goldman nears deal to sell Greensky to Sixth Street Group
Goldman Sachs Group Inc. is in advanced talks to sell its GreenSky unit to a consortium that includes Sixth Street ...
SVB’s integration with FCB going ‘better than expected’
Silicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in ...
Bank of America launches AI-driven chatbot capabilities for commercial clients
TORONTO — Bank of America announced the addition of AI capabilities to its CashPro Chat function at Sibos 2023 Monday, ...
Movers and Shakers: SVB names Murrell, Santiago to new roles
Silicon Valley Bank, a division of First Citizens Bank, named Martin Murrell the new head of global payments and Milton ...
