Scotiabank sees gen AI potential via citizen coders
AI development has traditionally been reserved for specific coders with advanced training, but with generative AI, financial institutions can look...
Payments status updates comprise 80% of Citi queries
TORONTO — Eighty percent of queries across Citigroup’s 96-country network — which includes more than 200 million clients — are...
Cybersecurity a top risk, Sibos attendees say
TORONTO — Forty-three percent of the audience identified cybersecurity as the No. 1 risk management concern, according to a poll...
Bank of America launches AI-driven chatbot capabilities for commercial clients
TORONTO — Bank of America announced the addition of AI capabilities to its CashPro Chat function at Sibos 2023 Monday,...
3 global banks identify AI use cases
Barclays, Citi and HSBC are all exploring AI, and representatives of the three banks are sharing how to identify where...
AI to boost FI developer productivity
Financial institutions are looking to AI to enhance developer productivity and get products to market quickly. “Developer productivity is a...
AI presents opportunity for unstructured data, bank execs say
Financial institutions collect vast amounts of structured and unstructured data on a daily basis, and AI is presenting more efficient...
Banks look to tech as they slash jobs
Barclays, CitiGroup, Truist Financial and Santander announced layoffs this week as they look to cut costs and gain efficiencies. Truist...
Transactions: NatWest modernizes payments with Icon Payments Framework
NatWest has selected fintech Icon Payments Framework to modernize its payments capabilities. Icon Payments Framework (IPF) is a low-code,...
4 ways tech expected to enhance cross-border payments
The cross-border payments industry is expected to hit $250 trillion by 2027, up from $150 trillion a decade before in...
