FIs looking to trim number of tech vendors to minimize exposure
Citi slashed tech vendor payments by 30% YoY with AI
Banks are looking to consolidate their vendor lists, many of which have bloated since the ChatGPT moment of November 2022. After AI broke through the zeitgeist, many FIs rushed to sign up vendors that could help them keep pace with rapidly changing technology, Merlin Bise, chief technology officer at fintech Inbenta, told FinAi News. “It […]
