U.S. Bank’s efficiency ratio trends down, clocking in at 59.2% in Q2
U.S. Bank is looking to manage expenses without cutting corners on technology, and its steadily decreasing efficiency ratio is proof...
Banking
Oracle cuts jobs in cloud infrastructure unit amid AI spending
Oracle Corp. is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid...
Inside one credit union’s search for a CTO
University Federal Credit Union is on the hunt for a chief technology officer. The $4 billion credit union is prioritizing...
How digital Grasshopper Bank is scaling this year
Grasshopper Bank announced Aug. 5 it completed a $46.6 million funding round that has sparked growth momentum and new goals. ...
TD streamlines backend ops with gen AI
TD Bank is prioritizing AI and generative AI in internal operations and aims to study consumer needs before deploying gen...
Merging 2 community banks: The strategy
Kansas City, Mo.-based community banks Verimore Bank and Clay County Savings Bank completed a core conversion and officially merged July...
Jack Henry tapped for core modernization by 3 FIs
Financial institutions are looking to Jack Henry to improve their infrastructure and digital banking offerings. Since June, the following FIs...
Tech provider Diebold Nixdorf boosts self-service functions with AI
Financial and retail technology services provider Diebold Nixdorf is prioritizing AI-driven self-service functions and branch automation at financial institutions. “The...
Wells Fargo to tap Google Cloud’s agentic AI for ‘stronger insights’
Wells Fargo is looking to Google Cloud to deploy agentic AI at scale. The $1.95 trillion bank will use Google...
5 questions with … Bank of America’s Holly O’Neill
Bank of America’s Holly O’Neill, president of consumer, retail and preferred banking, prioritizes the combination of human touch and emerging...
