HSBC takes on Revolut, Wise with new Forex app for non-customers
HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like ...
Tag: Bloomberg
UK consults on plans to regulate tech firms critical to finance
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend ...
McKinsey sees AI adding up to $340B to Wall Street profit
Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, ...
JPMorgan is working with U.S. regulators on generative AI pilot projects
JPMorgan Chase & Co. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all ...
PayPal rival fintech Adyen faces investor confidence test
For years, Dutch payments fintech Adyen NV’s founders and management ran things their own way, thanks to some blowout growth. ...
Citi used generative AI to read 1,089 pages of new capital rules
Citigroup Inc. is planning to grant the majority of its over 40,000 coders access to generative artificial intelligence as Wall ...
Scotiabank to cut 3% of staff as CEO Thomson plots new direction
Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese ...
Goldman strikes deal to sell GreenSky unit to Sixth Street Group
Goldman Sachs Group Inc. agreed to sell its GreenSky unit to a consortium led by Sixth Street Partners. The deal, ...
Ally Financial starts job cuts with less than 5% of staff affected
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the ...
JPMorgan’s Dimon predicts 3.5-Day work week for next generation thanks to AI
Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to ...
