Capital One Financial Corp. agreed to acquire Brex, a financial-technology company that focuses on corporate expense management and accounting, for ...

Financial institutions are prioritizing open-source gen AI models for operations.  Open-source AI models are public, making them more customizable compared with closed-source models, in which only the creator can make appreciable changes. Open-source models also can run locally without external connection.  Eighty-four percent of FIs prefer open-source models, ...

PayPal Holdings announced today it has agreed to acquire Cymbio, a multichannel commerce platform, as it moves to expand its ...

Citizens Bank is focused on 50 tech-driven initiatives encompassing several AI applications as part of its “Reimagine the Bank” program.   The program, launched in July 2025, ...

Ally Financial plans to increase its internal investment in AI thanks to resources freed up by its ongoing restructuring efforts.  “Our strategic pivot has created a more focused, efficient organization, and these actions ...

Truist is adding to its leadership team with the addition of a head of AI enablement.  “As one of several leaders ...

U.S. Bank is leaning into AI solutions to boost efficiency and stay competitive amid broader industry shifts.   The $695 billion bank anticipates “meaningful shifts” in digital assets and AI across the industry in the ...

KeyBank will increase its investment in technology and AI in 2026 as it has started to reap returns from the technology.  For example, ...

State Street is gearing up to launch several AI solutions in 2026 after increasing its tech spend in the fourth quarter.   ...

PNC Bank aims to continue investing in tech and branches by deploying savings gained from AI and automation.  The bank plans to expand its branch network in select regions ...