Listen: Trade expenses are cutting into bank profits by 20%
Trade expenses can reduce profits by 20%, with brokerage-related fees being a top-three business expense for many financial institutions, but automation could be the...
I write for Bank Automation News, a site devoted to covering automation in the financial services sector. More than 144,000 banking professionals visit Bank Automation News for breaking news, best practices, and analysis on the latest industry developments. I have been a writer for 25 years, primarily covering technology. I also spent two years in the classroom as an English teacher.
Trade expenses can reduce profits by 20%, with brokerage-related fees being a top-three business expense for many financial institutions, but automation could be the...
Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing...
Payment automation company AvidXchange is targeting credit unions with a customized offering that streamlines the invoice-to-pay process. The pandemic-induced spike...
Eighty-four percent of 113 companies surveyed at the recent Money 20/20 conference say they expect their enterprise to increase investment...
U.S. Bank has added request for payment (RfP) capabilities to its digital solution for the bank’s commercial accounts receivable teams....
Five years ago, BMO launched a cloud-first strategy that today is leading to more IT automation with an annual cost...
Cloud banking platform Blend is partnering with document automation company Ocrolus to accelerate the digital mortgage lending process, particularly loan...
Collateral management is still handled in a largely manual way, often with parties trading data in spreadsheets. Global regulations have...
The automation company WorkFusion, which offers a packaged solution to financial institutions and counts the $1.7 trillion Deutsche Bank and...
Creating the “next big thing” is no longer enough to address an unsolved problem — banks and fintechs also need...
[wt_cli_manage_consent]