Morgan Stanley’s AI investment portfolio ‘double overweight’ after Q3
Morgan Stanley’s wealth management business swelled to a record high in the third quarter as AI-related investments remain a priority....
Banking
Bank of America reports 50M-plus active digital users
Digital adoption for Bank of America consumers reached new highs in the third quarter with more than 50 million active...
AI simplifying processes at State Street
State Street is leaning on AI to simplify the bank’s internal processes and transform the bank into a tech-advanced organization. ...
Wells Fargo deploys AI agents to identify cyber vulnerabilities
Wells Fargo remains focused on AI investments as it deploys the tech in IT, wealth management, cybersecurity, underwriting and customer...
Citi cuts tech vendor payments by 30% thanks to AI
AI is helping Citi speed up product development cycles while cutting costs as the bank relies more on developing the...
Analyst must ‘squint’ to see JPM’s Q3 AI benefits
JPMorgan took first place as the most advanced bank in AI on the Evident AI Index, published Oct. 6. But...
Goldman Sachs expects to play large role in AI investment
Amid strong growth in AI infrastructure investment, Goldman Sachs Chief Executive David Solomon said the company is poised to play...
AI adds 40K hours of productivity at Customers Bank
Customers Bank saved more than 40,000 hours of employee time in its second quarter after implementing AI into its workflows....
Gilmour leaving HSBC to become CTO at Lloyds
Lloyds Banking Group has appointed Jane Gilmour as chief technology officer, tasking the industry veteran with improving resilience, operations and...
Backbase launches agentic AI chat tool that takes action
Engagement banking platform Backbase today launched Conversational Banking, an agentic AI tool that converts chats with customers into banking action....
