AI foundation, tech readiness key players in bank M&A deals
The banking industry is going through a wave of M&A, and tech readiness is a key part in the calculation. ...
Strategy
Fed raises rates as Warsh bucks Trump to contain inflation
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year,...
Fed rate hike could be bad news for AI infrastructure buildout
The Federal Reserve began a two-day meeting today, its sixth Federal Open Market Committee meeting this year, and its decision...
Klarna loses some senior staff including IR head
Klarna Group Plc lost a string of senior executives in recent weeks, adding to its challenges after a stock market...
US Senate blocks landmark crypto bill in industry loss
Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote Tuesday, with Democrats citing...
5 AI fintechs to watch
NEW YORK - Banks and investors are proactive in evaluating AI-driven startups for long-term growth opportunities. AI is becoming table...
KeyPoint Credit Union resolves 94% of member queries via Eltropy AI
KeyPoint Credit Union has gained efficiency with fintech Eltropy’s AI tools that handle member queries, schedule appointments and centralize internal policies. The $1.6 billion credit union deployed Eltropy’s AI voice agent for its...
AI outage spotlights model, cloud exposure
The simultaneous outage among major LLM providers on Sept. 3 necessitates a closer look at model exposure and infrastructure diversification....
TD Bank COO to exit after a year in the job
TD Bank said Chief Operating Officer Taylan Turan is departing after about a year in the job, leaving vacant a...
AI can help with both hiring and attrition
While many U.S. banks race to deploy AI tools, some bank executives say the biggest workforce impact will be how...
