Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny.  The Consumer...

Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures. ...

TD Bank has selected AI-solutions company Cohere to test its AI and large language models and improve their reliability.   Cohere’s...

U.S. Bank expects revenues from its payments segment to continue to climb as it develops and deploys technology for small-...

Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers.  The bank is...

Goldman Sachs is recognizing opportunities for AI-related financing activities as companies continue to adopt the technology.  “Recently, our board of...

JPMorganChase has achieved straight-through processing to share loan data and improve efficiencies, reduce errors and delays in loan processing.  Straight-through...

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using...

NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer...

Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one...