Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime has partnered with Kobalt Labs to streamline bank compliance using AI. Wells Fargo Turns to AI-Driven Estate Management Wells Fargo...
PYMNTS Intelligence’s data makes it clear enthusiasm for financial institutions (FIs) as insurance providers is growing. In fact, three-quarters of consumers who have already purchased bank-provided coverage want to buy more. Moreover, these consumers indicate a steadily growing interest. FIs cannot overlook these customers. Our...
Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and South Korea set to allow financial firms to leverage AI and cloud technologies. Meanwhile, a new study reveals a stark...
As businesses embrace generative artificial intelligence (AI), regulators and industry groups are scrambling to keep pace, calling for balanced oversight that fosters innovation while managing risks. From financial services to aviation, experts argue that existing regulatory powers could be leveraged to govern AI applications, potentially...
August 14, 2024
Digital wallets are transforming payments and commerce. In today’s operational landscape, where convenience reigns supreme and value-added services drive customer stickiness, the financial services industry faces new challenges and opportunities from the Big Tech builders of those very digital wallets. With the news at Tuesday’s (Aug. 13) ninth annual Made by Google event that Google […]
August 13, 2024
The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to existing consumer protection laws for...
August 12, 2024
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only...
August 12, 2024
Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers grapple with balancing rapid transaction...
August 21, 2024
The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process instant payments as of Tuesday (Aug. 20), the Swiss National Bank said in a Wednesday (Aug. 21) press release. The new instant payments service will be expanded to all financial institutions […]
August 15, 2024
LTIMindtree, a global technology consulting and digital solutions company, is now a global implementation partner for 10x Banking’s core banking platform. The companies have formed a global partnership agreement in which...
August 05, 2024
Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for digital banking solutions will also...
July 30, 2024
Financial software provider CSI has debuted a developer portal for community banks. “In addition to a growing list of integrated fintechs and integrators, CSI community banks and developers now have...
