By the Numbers: Automation, data analytics draw banks to the cloud
Banks have yet to capitalize on cloud technology but agree that automation is the most compelling argument for doing so. ...
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RBC sees 7.9% increase in computer-related expenses
The Royal Bank of Canada saw a 7.9% year-over-year increase in computer rental and maintenance costs, spending $332 million during ...
AI-based risk modeling not a guarantee against recessionary impacts
NEW YORK CITY — The use of artificial intelligence-based risk modeling is far from foolproof in a recessionary environment. While ...
Scotiabank’s Scene+ mobile app adds another 200K users
Scotiabank’s Scene+ loyalty rewards program and mobile app added 200,000 new members since January, helping to drive consumer use of ...
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 ...
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 ...
