Expense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce.  The...

Bill Crager will step down as chief executive of wealth tech company Envestnet on March 31.  Crager served as CEO...

Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an...

Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation.   Costs associated with the restructuring...

Citizens Bank is looking toward AI and generative AI technology to improve operational efficiency and client experience.  The $222 billion...

In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings.  Courtesy/Getty Images A...

Investment banking behemoth Goldman Sachs ramped up technology investment while pulling back on retail banking operations during the fourth quarter. ...

Citigroup’s restructuring efforts, investment in technology and reduction of overhead costs will result in a loss of 20,000 jobs, or...

Implementation of AI could reduce turnover at Bank of America, Chief Executive Brian Moynihan said during today’s fourth-quarter earnings call. ...

The financial services industry is investing in AI and generative AI as uses for both technologies expand.   Ninety-seven percent of...