HSBC: AI use in treasury functions can boost efficiency by up to 70%
Financial institutions are deploying AI in nearly all back-office functions and are showing improved efficiencies in operations. Deployment of AI...
Banking
M&T Bank’s chief data officer: Microsoft’s AI solutions key to strategy
M&T Bank is tapping Microsoft for its AI solutions due to the tech giant’s maturity, expertise and ability to access...
Fiserv shares tumble a record 46% after profit forecast slashed
Fiserv Inc. plunged by the most ever after the fintech slashed its outlook for full-year earnings and announced a broad...
Goldman looks to AI to forecast investment potential
Goldman Sachs is developing AI for nuanced processes that go beyond deployment for coding and customer service. For example,...
JPMorgan’s AI-driven LLM Suite yields 4 hours of productivity per employee each week
JPMorganChase is gaining quantifiable efficiency through its AI-driven LLM Suite. The $3.6 billion bank rolled out the tool in...
Commercial clients demand intelligent products from banks
Commercial bank clients demand direct connectivity to enterprise resource planning and accounting platforms to ensure the flow of standardized data...
Capital One: Continued tech investment makes AI strategy easy
Capital One is reaping the rewards of continued investment in tech and talent as they aid its AI strategy. “We...
Finwise, DreamFi team up to improve financial wellness
FinWise Bancorp, the parent company of FinWise Bank, announced today a strategic agreement with DreamFi Inc., a fintech startup co-founded...
AI a challenge for 10% of banking sector
As every industry grapples with the evolution of AI, major players in financial services are expected to reap the most...
Piermont Bank CEO Cai-Lee to speak at FinAi Banking Summit
FinAi News, formerly Bank Automation News, is pleased to share that Wendy Cai-Lee, chief executive at Piermont Bank, will speak...
