TD plans to automate nearly 70% of underwriting process
TD Bank is targeting labor-intensive processes for AI deployment as leaders there aim to drive $1 billion in savings and ...
Tag: artificial intelligence (AI)
FIS sees need for chief trust officer role in age of AI
FIS has appointed a chief trust officer, a recognition that in regulated finance, trust — not data — has become ...
AI ushers in era of rapid-fire software vulnerabilities
Mass cybersecurity disruptions, such as this week’s scramble by governments and companies to patch two critical software flaws, are about ...
Banks inclined to build ‘sovereign AI’ infrastructure, IBM CEO says
Large banks are increasingly unwilling to run sensitive AI workloads on public frontier models and are looking to keep their ...
Valley Bank efficiency ratio hits 5-year low, reflecting AI payoff
Valley Bank says its improved operational performance in the third quarter is thanks to its AI investments that span customer-facing ...
Barclays to cut 5K jobs in AI-fueled push to lower costs
Barclays Plc is cutting 5,000 jobs to reduce costs through the use of artificial intelligence, the latest large lender to ...
DLL offering ‘holistic’ financing for cybersecurity, AI investments
As cybersecurity investments become increasingly intertwined with AI, global equipment lender DLL is working to simplify financing options while navigating ...
Not enough AI investment would be ‘disservice’ to CapOne shareholders
Capital One aims to keep spending heavily on AI, even as its Discover integration begins producing the savings investors have ...
Old National Bank exec shares 3 ways to build consumer trust when deploying AI
LAS VEGAS — When implementing AI within operations or client-facing channels, trust must be top of mind. Old National ...
M&T reports AI has improved customer experience
M&T Bank’s use of AI has resulted in a 20% reduction in call transfers and has improved first-call resolution. “We ...
