Wall Street job losses may top 200,000 as AI replaces roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches ...
Tag: artificial intelligence (AI)
5 questions with … TD Bank Chief Analytics and AI Officer Luke Gee
As chief of AI and analytics at TD Bank, Luke Gee is working to identify processes that can be streamlined ...
AI M&A deals expected to climb in 2025
The growth of mergers and acquisitions of AI-driven technology companies in 2024 is expected to continue in 2025. AI ...
Valley Bank cuts AML false positives 65% using AI
Valley Bank is investing in anti-money laundering capabilities as its peers face regulatory repercussions for AML practices. The $62 billion ...
Top 5 open banking stories of 2024
The long-awaited Section 1033 rule on open banking was finalized by the Consumer Financial Protection Bureau on Oct. 22, and ...
ROI of AI: Is the juice worth the squeeze?
C-suite executives at financial institutions are implementing AI and generative AI throughout their organizations, but as experimentation turns into application, ...
94% of FIs expect higher data spend in 2025
Financial institutions are bracing for higher data budgets in 2025 primarily driven by cloud infrastructure and AI technology. Nearly 94% ...
Valley Ventures invests in fintechs it can use
Valley Ventures, the investment arm of Valley Bank, invests in fintechs that can be integrated into its operations. Nearly 50% ...
Open banking: Decoding Section 1033
Ten years in the making, the Consumer Financial Protection Bureau’s recently finalized open banking rule is making waves. The rule, ...
Nvidia using AI to make AI chips
Chip making giant Nvidia is using AI software to make AI hardware to keep up with demand for custom chips ...
