Fintech funding drops to four-year low in Q1
Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital...
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.
Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital...
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized...
NatWest is driving its costs down by reducing branches, trimming headcount and simplifying operations. “We incurred higher severance, branch...
IBM plans to acquire cloud services provider HashiCorp for $6.4 billion in cash. HashiCorp has expertise in deploying multi- and...
Barclays is looking to cut costs through structural changes as it seeks efficiencies in the face of falling profits. “We...
Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in...
Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy...
Financial services technology provider Fiserv is deploying AI to drive productivity and sees growth opportunities in the point-of-sale and real-time...
Truist Bank expects to continue investing in technology to save money as it restructures. “We continue to see improvements in...
Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation throughout its operations. “Expenses are...