Truist is working to identify areas for efficiency gains through new products, capabilities and client experience — one piece of that puzzle is AI.  “AI is becoming an increasingly ...

State Street Corp. expects to increase its software developers’ productivity by 30% to 40% in the next three years as it incorporates ...

Citizens Financial rolled out new AI tools across consumer, commercial and corporate banking segments in the second quarter, and its IT team continued ...

AI is taking center stage at BNY as it enters the next phase of its transformation.  The $467 billion bank’s engineering team now writes 40% ...

Morgan Stanley and Goldman Sachs are focused on providing financing for the current AI development boom — as well as developing the tech for themselves to make operations more efficient.  “Each major tech cycle has produced ...

Citi is seeing high adoption as it deploys AI in nearly all its operations and expects the tech to drive productivity gains.  Citi has brought products including its Payment Express solution and Citi Wealth Advisor Insights platform to market faster because of AI, Chief Executive Jane Fraser said today ...

In its efforts to increase efficiency and reduce headcount, Wells Fargo continues to invest in AI and in the second ...

Bank of America’s AI investments are bearing fruit as its operating leverage surged well above its full-year goal in the ...

JP Morgan Chase & Co. plans to continue its investments in AI while being cognizant of market cycles and a potential slowdown in the industry.  “AI ...

International Business Machines Corp. shares slid after the company reported preliminary second-quarter sales that fell short of expectations, attributing the ...