Lenders to start acquiring fintechs to form ‘super apps’
Lenders may soon have the opportunity to acquire fintechs at depressed valuations as economic conditions decline and fintech operational costs ...
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BMO converting to cloud-based risk management analytics
Bank of Montreal will leverage a proprietary, cloud-based, risk management analytics solution to forecast loan loss scenarios faster and with ...
Citi speeds ‘full-throttle’ toward AI-based credit management
NEW YORK CITY — Citi is blazing a path toward comprehensive AI-based credit management. One of the nation’s largest banks, ...
How 3 FIs are leveraging Amazon Web Services to improve business
Financial institutions are leveraging Amazon Web Services’ (AWS) machine learning (ML) and artificial intelligence (AI) tools to improve operations and ...
Transactions: Scienaptic AI, Teslar Software continue run of community bank wins
Swiss core provider Temenos will upgrade digital banking at Canadian Tire Bank, the companies announced Wednesday. Temenos, one of the ...
Open banking: Balancing innovation with security
After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. The ...
JPMorgan Chase allocates nearly half of infrastructure spend to cloud
Half of JPMorgan Chase’s total infrastructure spend is on the cloud, the bank announced Monday during its 2022 Investor Day. ...
Chase CIO: 3 advantages banks have in the race for tech talent
Banks have inherent advantages over fintechs in the race to recruit top tech talent although fintechs are often viewed as ...
US Bank leverages Real-Time Payment network with Apex Fintech Solutions
Fintech Apex Fintech Solutions is leveraging U.S. Bank’s real-time rails to offer real-time payments on its digital custody and clearing ...
Plaid adds ID verification tool
Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an ...
