IBM rakes in $7.5B from gen AI offerings
IBM is seeing growth thanks to the wave of AI adoption across all major industries. AI remains a powerful driver ...
Tag: IBM
IBM server said to eliminate scheduled downtime, expense
IBM today introduced its IBM Power11 server, which the tech giant says allows enterprise clients, including banks, to avoid scheduled ...
Over 25% of institutions will deploy agentic AI this year
Agentic AI is becoming commonplace in financial services as tech providers emerge with end-to-end agentic frameworks. (Courtesy/Canva Dream Lab) More ...
UiPath’s agentic AI platform could streamline FI workflows
Software giant UiPath is rolling out an enterprise-grade agentic AI platform designed to serve as a liaison between AI agents, ...
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 ...
From 8% to 80%: Gen AI use by FIs to surge by yearend
Banks are taking a holistic approach to generative AI integration this year with nearly 80% of FIs projected to adopt ...
IBM gen AI business reaches $3B in Q3
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in ...
IBM to acquire HashiCorp. Inc for $6.4B
IBM plans to acquire cloud services provider HashiCorp for $6.4 billion in cash. HashiCorp has expertise in deploying multi- and ...
Transactions: Navy Federal selects Zafin for core modernization
Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy ...
Multifactor authentication critical for banks, IBM says
Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection. In 2023, cyberattacks using ...
