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UniCredit Bank’s Schulze to speak at Bank Automation Summit Europe 2024 UniCredit Bank’s Schulze to speak at Bank Automation Summit Europe 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank ..
Inside look: Nvidia’s AI factories Inside look: Nvidia’s AI factories

Nvidia is spearheading the AI industry’s growth with its latest data centers focused on developing..
FIs tap quantum computing for payments security FIs tap quantum computing for payments security

Financial institutions are exploring the use of quantum tech to optimize operations within payments ..
3 ways Swift is deploying tech for payments 3 ways Swift is deploying tech for payments

International payments network Swift is deploying technology to make its payments faster, safer and ..
AI speeds Nasdaq fraud investigations by 33% AI speeds Nasdaq fraud investigations by 33%

NEW YORK — The Nasdaq Stock Market index is using AI to streamline its efforts to investigate..
Payments tech a focus for 61% of merchants Payments tech a focus for 61% of merchants

AMSTERDAM — Consumers are more likely to interact with a business with a frictionless payment..
Business-First Hong Kong Now Comes With a Catch: Beijing Politics Business-First Hong Kong Now Comes With a Catch: Beijing Politics

The city, promised some autonomy by China, is trying to move on from a security law imposed by..
Inside look: Synchrony’s AI training strategy Inside look: Synchrony’s AI training strategy

Synchrony Financial is investing in training its employees on emerging technology, with a focus on..
Ether Cryptocurrency ETFs Are Approved by the SEC Ether Cryptocurrency ETFs Are Approved by the SEC

The Securities and Exchange Commission gave its blessing to a fund that tracks the price of the..
Bank Automation Summit Europe 2024 taking place in Frankfurt Bank Automation Summit Europe 2024 taking place in Frankfurt

Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024..
75% of global banks unprepared for open banking 75% of global banks unprepared for open banking

Most financial institutions are not ready for open banking, but the tedious task of prepping bank..
Ukraine Needs Money to Fight. Can Seized Russian Assets Help? Ukraine Needs Money to Fight. Can Seized Russian Assets Help?

Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help..
Transactions: CommerzBank, Global Payments enter joint venture for payments solutions Transactions: CommerzBank, Global Payments enter joint venture for payments solutions

Global Payments has received EU regulatory approval and is launching a joint venture with..
Upstart automates 90% of unsecured loans in Q1 Upstart automates 90% of unsecured loans in Q1

Online lender Upstart automated 90% of its unsecured loans in the first quarter of 2024 as..
Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader

Bad workplace behavior was pervasive at the bank regulator, according to an investigation that..
FIS launches embedded finance platform FIS launches embedded finance platform

NEW YORK — Tech provider FIS debuted its embedded finance platform, Atelio, in its Investor Day..
The Perils of the Fed’s Vast Bond Holdings The Perils of the Fed’s Vast Bond Holdings

The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to..
Fed Holds Rates Steady, Noting Lack of Progress on Inflation Fed Holds Rates Steady, Noting Lack of Progress on Inflation

The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that..
Tech giants monetize AI Tech giants monetize AI

Tech giants across the board are looking to monetize AI as they continue to pour funds into..
What to Watch as the Fed Makes Its Interest Rate Decision What to Watch as the Fed Makes Its Interest Rate Decision

Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals ..
HSBC to invest in wealth, transaction banking technology HSBC to invest in wealth, transaction banking technology

HSBC is restructuring the organization by leaving some geographic territories, investing in tech..
Who Is Gary Farro, the Banker Testifying in Trump’s Trial? Who Is Gary Farro, the Banker Testifying in Trump’s Trial?

Donald J. Trump’s lawyer has said he arranged a hush-money payment through First Republic Bank,..
Transactions: Navy Federal selects Zafin for core modernization Transactions: Navy Federal selects Zafin for core modernization

Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and..
Movers and Shakers: Ex-Wells leader Ellington new adviser at Uplinq Movers and Shakers: Ex-Wells leader Ellington new adviser at Uplinq

Uplinq, a credit decisioning support platform for small business lenders, named former Wells Fargo..
Countdown Is On for the Bitcoin ‘Halving’ Countdown Is On for the Bitcoin ‘Halving’

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into..
57 questions financial institutions should ask about AI 57 questions financial institutions should ask about AI

AI continues to take the financial services industry by storm, but as the mega-big banks implement..
JPMorgan’s Dimon Warns of ‘Unsettling’ Pressures as Bank Reports Earnings JPMorgan’s Dimon Warns of ‘Unsettling’ Pressures as Bank Reports Earnings

Warnings from the chief executive of the nation’s largest bank have been consistently at odds with..
The Worst Part of a Wall Street Career May Be Coming to an End The Worst Part of a Wall Street Career May Be Coming to an End

Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work,..
Transactions: Epic River completes integration with Finastra LaserPro Transactions: Epic River completes integration with Finastra LaserPro

Lending-as-a-Service platform Epic River has integrated Finastra’s loan documentation system..
KeyBank focuses on gen AI COE KeyBank focuses on gen AI COE

KeyBank is establishing a generative AI center of excellence to navigate the new technology before..
Central Bank builds 60 data-driven insight tools Central Bank builds 60 data-driven insight tools

Jefferson City, Mo.-based Central Bank is looking to data analytics and AI to provide customers..
Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates

Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient,..
MSUFCU: Failure is a key part of innovation MSUFCU: Failure is a key part of innovation

Financial institutions should expect to fail when exploring new technologies, Ami Iceman Hauter,..
The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall

A financial firm told an account owner that it had turned over her money to the state. When she..
The potential of AI-powered chatbots in banking customer support The potential of AI-powered chatbots in banking customer support

Banking customer support is no walk in the park. Customers come with diverse problems, from lost..
U.S. Park Service Says to Leave Your Cash at Home, but Some Object U.S. Park Service Says to Leave Your Cash at Home, but Some Object

Complaints have been mounting on social media, and now a group has filed a lawsuit, as the service..
What Comes Next for the Housing Market? What Comes Next for the Housing Market?

The Federal Reserve still expects to cut rates this year, and a change in selling practices could..
Inside Wells Fargo’s gen AI council Inside Wells Fargo’s gen AI council

NASHVILLE, Tenn. — Wells Fargo has created a generative AI council within the organization to study ..
Arc sees 12X growth after SVB collapse Arc sees 12X growth after SVB collapse

Nashville, Tenn. — Arc Technologies charted a 12X increase in loan originations year over year in..
Navigating the Future of Credit Risk: The AI and Automation Advantage Navigating the Future of Credit Risk: The AI and Automation Advantage

In the dynamic world of financial services, the need for rapid and precise credit decisions has..