How to avoid another CrowdStrike-type outage
CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the...
Bank of America, JPM, TD and Visa affected by global CrowdStrike outages
Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering...
Fifth Third must invest in tech to manage regulatory risk
Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer...
70% of Citizens applications will be cloud-based by end of 2024
Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures. ...
Transactions: TD selects Cohere for AI model testing
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 developing payments tech for SMBs
U.S. Bank expects revenues from its payments segment to continue to climb as it develops and deploys technology for small-...
Morgan Stanley using AI to grow adviser operations
Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is...
Goldman optimistic about AI financing
Goldman Sachs is recognizing opportunities for AI-related financing activities as companies continue to adopt the technology. “Recently, our board of...
JPMorgan reduces loan processing errors, delays with STP
JPMorganChase has achieved straight-through processing to share loan data and improve efficiencies, reduce errors and delays in loan processing. Straight-through...
FIs adopting RTP mainly as ‘receive-only’
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using...
