PNC expects AI spend of around $700M in 2026
PNC Bank aims to continue investing in tech and branches by deploying savings gained from AI and automation. The bank plans to expand its branch network in select regions...
Vaidik Trivedi is a business reporter based in New York City. Prior to joining Bank Automation News, Trivedi covered banking, payments and financial news for institutional and retail investors. In his past time you can find Trivedi watching or playing football, in breweries or finding tasty food on the streets of NYC. You can reach him at vtrivedi@royalmedia.com or find him on Twitter - @imVaidikTrivedi.
PNC Bank aims to continue investing in tech and branches by deploying savings gained from AI and automation. The bank plans to expand its branch network in select regions...
Goldman Sachs sees two opportunities from its AI initiatives: driving internal efficiencies and helping clients make more money. The investment bank plans to harness “the tremendous public and private capital fueling...
Citi is realizing the effects of AI tech within its operations as its multiyear technology modernization plan is nearly 80% complete. “We're building AI into the processes that move money,...
BNY is expanding its use of AI and has integrated the tech in its multiyear transformation plan to drive growth and efficiency. Eliza,...
Financial institutions are cautiously deploying AI to crack down on fraud associated with digital assets. Crypto-related scams, ransomware, darknet markets transactions and money laundering cost financial institutions $154 billion in 2025, a 162%...
Trust, security and liability top consumers’ concerns as financial institutions look to scale agentic AI adoption with tools like Mastercard’s Agent Pay. Mastercard is working to build consumer and merchant...
Bank services provider Bluevine is seeing improved customer experience and efficiency through deployment of AI. Chief Product Officer Herman Man told FinAi News Bluevine uses AI to provide its small and medium-sized business clients with: Fraud...
S&P Global has opted for a multimodel AI approach to boost efficiency. The strategy is comparable to a multicloud approach, Gia Winters, managing director of North America at Google Cloud,...
Bank of America has been deploying AI tech for years and is seeing quantifiable returns, giving the organization a boost in efficiency and client experience. The $2.4...
Global payments company Airwallex raised $330 million in a series G funding round backed by investors including T. Rowe Price Associates, Activant, Lingotto and Robinhood Ventures, according...
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