Movers and Shakers: JPMorgan appoints China to co-head for Innovation Economy
JPMorgan on July 11 appointed John China as the co-head of Innovation Economy (IE) for Commercial Banking (CB). China joined...
NatWest invests in tech, reduces headcount
London-based NatWest Group increased its tech spend in the first half of 2023 as the company looks to remain competitive,...
Barclays employs automation for CX, cost cuts
Barclays PLC is looking to increase its investment in technology and automation to improve customer experience and reduce costs. The...
Fiserv payments revenue up 8% to $1.6B
Payments and financial services technology company Fiserv is looking to expand efforts in embedded finance and cloud services to meet...
Transactions: Banc of California to buy PacWest
PacWest Bancorp is set to merge with Banc of California and raise $400 million in equity from investors, the financial...
State of fintech funding Q2: Fintech funding the lowest since 2017
The total funding and number of deals in the fintech sector fell in the second quarter in the face of...
Q2 earnings roundup: Tech spend up as hiring slows among FIs
Financial institutions looked to automation in the second quarter to reduce costs and create more efficient operations. The $3.2 trillion...
European Fintech Funding: Solaris raises $42M, hits unicorn status
Embedded finance provider Solaris raised 39 million euros ($42 million) in a series F funding round July 11 to strengthen...
Fifth Third to modernize through automation, technology
Fifth Third Bank ramped up its modernization efforts in the second quarter as it looks toward automating its core platform to...
Goldman tech spend jumps by 9% YoY to $482M
Goldman Sachs is looking to automation, technology and headcount reduction to streamline its operations. The bank reported a 9% year-over-year increase...
