BMO launches digital account opening, onboarding solutions in Q2

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BMO launches digital account opening, onboarding solutions in Q2 BMO launches digital account opening, onboarding solutions in Q2

Bank of Montreal introduced a new digital account opening program and finalized its integration of..
Fintech Funding: Anthropic raises $4B from Amazon Fintech Funding: Anthropic raises $4B from Amazon

Global fintech funding remained subdued in 2024 due to major macroeconomic shifts and a change in..
Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury. Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful ..
TD tweaks time-to-market approach TD tweaks time-to-market approach

TD Bank’s technology leaders have shifted the bank’s delivery and execution strategy over the past..
TD Bank’s cautious approach to fintech vetting TD Bank’s cautious approach to fintech vetting

TD Bank must be pragmatic when vetting fintechs while considering its budget as well as what issue..
Nvidia developing a full-stack gen AI strategy for FIs Nvidia developing a full-stack gen AI strategy for FIs

Chipmaker Nvidia is executing a full-stack gen AI strategy to expand its services to the financial..
Transactions: Alkami’s recent wins Transactions: Alkami’s recent wins

Texas-based fintech Alkami is seeing its network of bank partners grow.  “In the third quarter, we..
Capital One, FIBT and Truist tap personalization for deposit retention Capital One, FIBT and Truist tap personalization for deposit retention

Banks are leaning on technology to provide personalized services to retain consumer deposits as the ..
Stock Market Rallies to Its Best Week in Over a Year Stock Market Rallies to Its Best Week in Over a Year

President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal ..
Inside look: BNY’s Nvidia-built AI factory Inside look: BNY’s Nvidia-built AI factory

BNY has tapped Nvidia to build an AI factory to increase its computational power and deploy gen AI..
Transactions: FIS Q3 wins Transactions: FIS Q3 wins

Technology provider FIS ended the third quarter with the acquisition of payment systems company..
Fifth Third’s Schramm joins speaker faculty at Bank Automation Summit U.S. 2025 Fifth Third’s Schramm joins speaker faculty at Bank Automation Summit U.S. 2025

Jude Schramm, chief information officer at Fifth Third Bank, will join the Bank Automation Summit U...
Movers and shakers: Morgan is new chief product, technology officer at Temenos Movers and shakers: Morgan is new chief product, technology officer at Temenos

Tech provider Temenos on Oct. 7 announced Barb Morgan as its chief product and technology officer.  ..
Bank of America patent portfolio includes 1,100 AI patents Bank of America patent portfolio includes 1,100 AI patents

Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues ..
CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout

The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the..
A New Business on Wall Street: Defending Against D.E.I. Backlash A New Business on Wall Street: Defending Against D.E.I. Backlash

Companies are conducting vulnerability assessments, compiling research reports and writing plans..
Biggest banks develop AI at 2x the speed of smaller institutions Biggest banks develop AI at 2x the speed of smaller institutions

Banks with more than $1 trillion in total assets are developing and deploying AI and generative AI..
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

The economic lifeline is expected to be disbursed by the end of the year.
HSBC Announces Restructuring and Names First Female C.F.O. HSBC Announces Restructuring and Names First Female C.F.O.

The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a..
Bank of America clients flock to digital tools in Q3 Bank of America clients flock to digital tools in Q3

Bank of America clients continued to flock to digital channels in the third quarter as the bank..
Meet Michelle Bowman, the Fed Official Cited by JD Vance Meet Michelle Bowman, the Fed Official Cited by JD Vance

Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining..
Capital One offers its authentication tool to FIs Capital One offers its authentication tool to FIs

Capital One is offering its AirKey authentication tool to other financial institutions to combat..
Can Corporate America Help Harris Win Pennsylvania? Can Corporate America Help Harris Win Pennsylvania?

The vice president has raised huge sums and has won over many business leaders. Despite that, the..
What to Do if You Fall Behind on Auto Loan Payments What to Do if You Fall Behind on Auto Loan Payments

The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing..
Wall Street Profits Surge Despite Questions About the Economy Wall Street Profits Surge Despite Questions About the Economy

JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings..
Credit unions invest to create personalized digital experiences Credit unions invest to create personalized digital experiences

Banks and credit unions are using data-driven insights to diversify their offerings, create..
Should You Trust Experian’s Smart Money Debit Card? Should You Trust Experian’s Smart Money Debit Card?

There’s not a lot of love for the credit bureaus, so why would you want one of them in your wallet? ..
A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond

Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to ..
25 questions financial institutions are asking about gen AI 25 questions financial institutions are asking about gen AI

Financial institutions are exploring generative AI through their own center of excellence..
Fintech funding: Citi Ventures cautious of AI hype Fintech funding: Citi Ventures cautious of AI hype

Citi Ventures is aware and wary of a potential hype cycle relating to AI and aims to avoid..
First Citizens, SVB taking integration slowly First Citizens, SVB taking integration slowly

First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping..
11 bank tech execs to watch in 2025 11 bank tech execs to watch in 2025

Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while..
Want to End Poverty? Focus on One Thing. Want to End Poverty? Focus on One Thing.

Electrifying the world could produce the largest development gains since the 1990s.
Federal Reserve Cuts Interest Rates for the First Time in Four Years Federal Reserve Cuts Interest Rates for the First Time in Four Years

Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts..
What Does the Fed Interest Rate Cut Mean? What Does the Fed Interest Rate Cut Mean?

On Wednesday, the Federal Reserve lowered the interest rate for the first time since 2020. Jeanna..
JPMorgan explores taking over Apple card that Goldman wants to ditch JPMorgan explores taking over Apple card that Goldman wants to ditch

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio..
Five AI-driven fintechs to watch Five AI-driven fintechs to watch

Banks and investors are evaluating AI-driven startups for long-term growth opportunities.  ..
Banks Offer Bonuses for Customers Opening New Accounts Banks Offer Bonuses for Customers Opening New Accounts

Facing competition for business, banks are offering incentives to switch. But as one expert put it, ..
Transactions: Amex, Knot launch card-on-file solution Transactions: Amex, Knot launch card-on-file solution

American Express and card-on-file management company Knot are launching a card-on-file payments..
Citizens sees up to 20% efficiency gains through gen AI Citizens sees up to 20% efficiency gains through gen AI

Citizens Bank has deployed generative AI and automation in operations for activities including..
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