NatWest to use $96M of expense savings on digital expansion, AI
NatWest is focused on shrinking its physical footprint in 2024 and will use the savings to invest in new technologies ...
Tag: earnings
Global Payments reduces code deployment time by 10% through gen AI
Payments company Global Payments is leveraging gen AI and cloud technology to accelerate product development. Global Payments’ gen AI code ...
FIS revenue up 4% YoY to $2.6B amid growing digital banking adoption
Core provider FIS is looking to M&A and strategic partnerships to expand its next-gen banking offerings in 2025. “We feel ...
Deutsche Bank cuts 3,500 jobs, adds 1,300 tech positions
Deutsche Bank is restructuring expenses aimed at investing in technology, reducing overall headcount and exiting certain business lines. The $1.3 ...
Visa deploys AI for instant payments fraud detection
Payments behemoth Visa is using AI to improve its fraud detection as instant payment adoption grows. Visa reported its total ...
Cap One, Discover to complete acquisition in ‘early 2025’
Capital One and Discover are awaiting regulatory and shareholder approval for their deal. The bank first announced its acquisition of ...
Ally sells credit card business, aims to exit mortgage
Ally Financial has sold its credit card business to credit card service provider CardWorks and its subsidiary, Merrick Bank, for ...
Fifth Third expands branch network, doubles down on tech
Fifth Third Bank is expanding its branch network in the Southeast and doubling down on its tech investments to grow ...
KeyBank to up tech spend by 10% in 2025
KeyCorp, the parent company of $187 billion KeyBank, expects higher expenses in 2025, with technology initiatives among its investment priorities. ...
Truist lists tech investment among 2025 priorities
Truist is continuing its technology initiatives in 2025 to drive business growth and improve profitability. The $527 billion bank’s 2025 ...
