Bank of America taps AI to keep clients happy

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Bank of America taps AI to keep clients happy Bank of America taps AI to keep clients happy

Bank of America continued to see digital adoption grow during the second quarter while keeping up..
Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales

James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise ..
Lebanon Detains Riad Salameh, Former Head of Central Bank Lebanon Detains Riad Salameh, Former Head of Central Bank

Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries..
U.S. Bank developing AI tools to meet SMB demands U.S. Bank developing AI tools to meet SMB demands

U.S. Bank is developing AI and automation-driven solutions to improve productivity for its small..
Nvidia data center revenue up 154% YoY Nvidia data center revenue up 154% YoY

Chip manufacturing behemoth Nvidia reported record second-quarter revenue on growing demand for its ..
Bank Automation News hosts webinar on future of open banking Bank Automation News hosts webinar on future of open banking

Bank Automation News will present the webinar “The future of open banking: Payments meet data,” on..
Federal Cases Against Trump Revived, and Israeli Forces Raid West Bank Federal Cases Against Trump Revived, and Israeli Forces Raid West Bank

Plus, a new theory about orca boat attacks.
BMO bot enables 3M customer interactions BMO bot enables 3M customer interactions

Bank of Montreal is deploying AI to improve customer experience and grow digital sales of its..
Fed’s Powell Signals an Upcoming Rate Cut in Jackson Hole Remarks Fed’s Powell Signals an Upcoming Rate Cut in Jackson Hole Remarks

Jerome H. Powell indicated the Federal Reserve will begin to cut interest rates in September, but..
Regional FIs deploy tech to remain competitive Regional FIs deploy tech to remain competitive

Regional banks are deploying technology to keep up with client demand and compete with major..
A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability

The country has settled into a tense east-west divide, but turmoil around the central bank, which..
Revolut says secondary share sale valued firm at $45B Revolut says secondary share sale valued firm at $45B

Revolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for..
The End of Fabulous Money Market Rates Is Near The End of Fabulous Money Market Rates Is Near

You have been able to earn solid returns by parking your money in fairly safe places, our columnist ..
The Federal Reserve Must Be Independent. Here’s Why. The Federal Reserve Must Be Independent. Here’s Why.

The pragmatic case for central bank independence.
Transactions Dashboard: Digital banking leads way in 2024 Transactions Dashboard: Digital banking leads way in 2024

Banks are modernizing and digitalizing their platforms and offerings as users demand more online..
How to Keep Your Money Safe if Your Online Lender Is Not a Bank How to Keep Your Money Safe if Your Online Lender Is Not a Bank

The collapse of a little-known intermediary named Synapse Financial Technologies has put a..
Treasury to replace checks with FedNow payments Treasury to replace checks with FedNow payments

The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding..
Truist lands Wells Fargo tech leader as CIO Truist lands Wells Fargo tech leader as CIO

Truist is tapping Wells Fargo CIO of Consumer Technology Steve Hagerman to fill its chief..
The Mini Stock Market Crash and Why it Matters The Mini Stock Market Crash and Why it Matters

They require infinite patience, often throw tantrums and are sometimes best ignored.
Why Japan Was Crushed Most in the Global Market Rout Why Japan Was Crushed Most in the Global Market Rout

The fragility of a more-than-year-long stock rally in Japan, fueled in part by a weak yen, has been ..
U.S. Bank readies AI-driven cash forecasting tool U.S. Bank readies AI-driven cash forecasting tool

U.S. Bank is developing AI-driven solutions for its business clients, with its latest efforts..
Payments roundup: Mastercard, Visa deploy AI to fight fraud Payments roundup: Mastercard, Visa deploy AI to fight fraud

Payments behemoths continued investing in technology to control costs and streamline operations in..
Daniele Tonella named ING CTO Daniele Tonella named ING CTO

Daniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van ..
PayPal focuses on omnichannel capabilities for long-term growth PayPal focuses on omnichannel capabilities for long-term growth

PayPal is investing in its platforms and capabilities to keep up with consumer demand for digital..
The Top 3 Mistakes To Avoid With Your 401(k) The Top 3 Mistakes To Avoid With Your 401(k)

Here is what experts say are the costliest stumbles people make with their retirement savings..
Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

Financial regulators and consumer advocates frown upon using credit cards to pay off installment..
Revolut wins long-awaited UK banking license from watchdog Revolut wins long-awaited UK banking license from watchdog

Revolut Ltd. said it received a British banking license from regulators, a move that allows the..
Truist digital engagement grows in Q2 Truist digital engagement grows in Q2

Truist’s investment in digital capabilities helped the bank keep up with growing client demand for..
Wall Street Republicans Worry About Vance as Trump’s Running Mate Wall Street Republicans Worry About Vance as Trump’s Running Mate

The financial world’s heavy hitters fear being marginalized in Washington after former President..
Bank of England warns CHAPS payment system experiencing delays Bank of England warns CHAPS payment system experiencing delays

The Bank of England warned that its CHAPS service — one of the largest high-value payment systems..
U.S. Bank developing payments tech for SMBs U.S. Bank developing payments tech for SMBs

U.S. Bank expects revenues from its payments segment to continue to climb as it develops and..
Inside look: EverBank’s technology strategy Inside look: EverBank’s technology strategy

EverBank considers strong platforms and API-first integrations when selecting third-party vendors..
Biden Calls For Calm, and a Defiant Trump Prepares for the R.N.C. Biden Calls For Calm, and a Defiant Trump Prepares for the R.N.C.

Plus, how cord blood banks mislead parents.
Gaffes Color Biden’s High-Stakes Performance, and U.S. Inflation Cools Gaffes Color Biden’s High-Stakes Performance, and U.S. Inflation Cools

Plus, nursing homes are still failing residents.
Climate Activists in New York Protest Citibank and Other Backers of Big Oil Climate Activists in New York Protest Citibank and Other Backers of Big Oil

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn..
Fed Chair Powell Welcomes Cooling Inflation Fed Chair Powell Welcomes Cooling Inflation

Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as..
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 ..
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