Wells Fargo ups tech spend 19% YoY
Wells Fargo focused on tech spend in the second quarter as headcount continued to shrink amid a push to reduce ...
Tag: artificial intelligence (AI)
BNY Mellon’s technology arm to migrate to the cloud
BNY Mellon’s technology arm, Pershing X, is looking to migrate its data and applications to the cloud to scale its ...
Smaller FIs look to FiVerity for anti-fraud data sharing
In one week in April, Metro Credit Union received more than 450 fraudulent account opening applications. Using manual processes, fraud ...
TD explores AI-driven predictive insights
TD Bank is enhancing its personal finance management tools and looking to AI-driven predictive analytics to help consumers control their ...
HSBC targets cyberthreats with quantum computing
HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. The $3 billion bank ...
UiPath tapping AI to process unstructured loan data
Financial institutions including JPMorgan Chase, Truist Bank and Wells Fargo are using AI models to expedite administrative processes and organize ...
Generative AI co-pilot to help banks automate compliance
What if a bank’s compliance software could relay messaging in natural language? That’s the question anti-money laundering fintech Lucinity is ...
MSUFCU explores using AI in its software development and coding
Michigan State University Federal Credit Union developers are investigating how to use AI in its software coding. The $7.45 billion ...
3 cybersecurity trends banks should watch
Fraud rates continue to climb each year as fraudsters scale operations. For banks seeking to protect themselves from financial crime, ...
FIs cautiously approach AI
Financial institutions are looking to AI to create tools for coding, marketing and customer experience. However, use of AI by ...
