Capital One spends $63M on integration of Discover
Capital One invested heavily in integrating Discover Financial Services in the third quarter as it prepares to acquire the company,...
Banking
Biggest banks develop AI at 2x the speed of smaller institutions
Banks with more than $1 trillion in total assets are developing and deploying AI and generative AI at twice the...
Transactions: Fiserv teams up with DoorDash for embedded financing
E-commerce giant DoorDash has teamed up with fintech Fiserv for embedded finance services. “This solution enables DoorDash to offer its...
CFPB open banking rule to force innovation
Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial...
Goldman, Apple to pay $89M after CFPB card probe
Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running investigation into their...
Fiserv expands digital banking offerings to meet growing demand
Banks are investing in their digital banking offerings and Fiserv has launched a new platform to meet those needs. Fiserv...
US banks prepare for new era of consumer financial data sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a...
Wells Fargo opens innovation hub in California
Wells Fargo’s Innovation Center in Menlo Park, Calif., is hosting meetings with partners and venture capital firms after opening in...
Fifth Third’s tech spend jumps 5% YoY
Fifth Third Bank’s overall noninterest expenses increased in the third quarter driven by higher technology and communication spend. (Courtesy/Fifth Third)...
KeyBank’s computer processing spend spikes 17%
KeyBank’s cloud migration costs contributed to increased computer processing spend despite total noninterest expense slightly declining in the third quarter. ...
