BNY Mellon grows tech spend by 11% YoY
BNY Mellon is looking toward digitization and automation to increase efficiency, drive down operational costs and improve consumer experience. WHY IT...
State Street increases tech spend 3% to $405M
State Street Corp. looked to optimize savings and operational productivity through technology and automation in the second quarter. The $295...
Citi doubling down on automation
Citibank is ramping up its automation efforts and modernizing its platforms to maintain competitiveness and drive down costs. Photographer: Benjamin...
BNY Mellon’s technology arm to migrate to the cloud
BNY Mellon’s technology arm, Pershing X, is looking to migrate its data and applications to the cloud to scale its...
Transactions: TD Securities looks to Dell for data storage
TD Securities is looking to Dell Technologies to enhance its data storage and processing capabilities, the investment banking arm of...
Digital dollar speeds cross-border payments
The New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot...
Citi rolls out digital banking platform
Citigroup launched a digital platform for its commercial banking clients today as it continues to build out its digital offerings....
Lloyds Bank continues ISO 20022 migration
Lloyds Bank is continuing its migration to the ISO 20022 and identifying use cases for the network’s data as its...
UiPath tapping AI to process unstructured loan data
Financial institutions including JPMorgan Chase, Truist Bank and Wells Fargo are using AI models to expedite administrative processes and organize...
Transactions: Square, AmEx to launch business credit cards
Square has teamed up with American Express to launch business credit cards to its customers. The launch is in beta...
