Santander reports AI business growth of $96M
Banco Santander said targeted deployment of AI across its operations has created €84 million ($96 million) in business value in the first half of the year. “Our network businesses...
Delphine Liu is a writer from Durham, North Carolina. Prior to joining FinAi News, Delphine worked as an editorial intern and a student reporter at The University of North Carolina at Chapel Hill, where she is pursuing a bachelors in Journalism and Global Studies. This summer she is a Dow Jones News Fund intern and an Asian American Journalism Association fellow. To reach Delphine with any questions or tips, please contact dliu@royalmedia.com.
Banco Santander said targeted deployment of AI across its operations has created €84 million ($96 million) in business value in the first half of the year. “Our network businesses...
Charles Schwab is investing in AI throughout its internal and client-facing operations, supported by the recent launch of two AI-driven tools this year. In June, the...
Fifth Third Bank is planning to implement new AI tools to assist with the acquisition of Dallas-based regional bank Comerica. Fifth Third announced its acquisition of Comerica in October 2025. “We actually...
State Street Corp. expects to increase its software developers’ productivity by 30% to 40% in the next three years as it incorporates...
Morgan Stanley and Goldman Sachs are focused on providing financing for the current AI development boom — as well as developing the tech for themselves to make operations more efficient. “Each major tech cycle has produced...
Citi is seeing high adoption as it deploys AI in nearly all its operations and expects the tech to drive productivity gains. Citi has brought products including its Payment Express solution and Citi Wealth Advisor Insights platform to market faster because of AI, Chief Executive Jane Fraser said today...
JP Morgan Chase & Co. plans to continue its investments in AI while being cognizant of market cycles and a potential slowdown in the industry. “AI...
Nasdaq Verafin is developing two new agents: a fraud caseworker and a regulator reporter, adding to the company’s existing agentic...
United Bank is using fintech Finastra’s mortgage lending tool to improve the application process for borrowers. The new data tool, Data Insights 2.0, supports the fintech’s Originate Mortgagebot, an AI platform...
UnionDigital Bank says it has stopped all successful fraudulent account takeovers since implementing iProov’s biometric verification technology last year. Since...
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