Bankers

ConnectOne Bank builds data lake in-house ConnectOne Bank builds data lake in-house

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights ..
Apartments Could Be the Next Real Estate Business to Struggle Apartments Could Be the Next Real Estate Business to Struggle

Owners of some rental buildings are starting to struggle because of rising interest rates and..
Podcast: Mastercard taps into AI to structure open banking data Podcast: Mastercard taps into AI to structure open banking data

Mastercard is using AI to help structure the data it collects for its more than 3,000 bank clients..
S&P’s gen AI tool provides up to 60% efficiency gains S&P’s gen AI tool provides up to 60% efficiency gains

Data insights company S&P Global is developing internal- and external-facing generative AI tools to ..
Inside look: Payments-as-a-service Inside look: Payments-as-a-service

Payments go beyond the transfer of money, and financial institutions can customize each step of the ..
Movers and shakers: XYB names Joyce as CEO Movers and shakers: XYB names Joyce as CEO

London-based B2B core banking platform XYB named Derek Joyce as its chief executive on May 30. ..
U.S. Bank cautiously deploying AI for SMBs U.S. Bank cautiously deploying AI for SMBs

U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to..
Dilemma on Wall Street: Short-Term Gain or Climate Benefit? Dilemma on Wall Street: Short-Term Gain or Climate Benefit?

Portfolio managers have conflicting incentives as the economic and financial risks from climate..
AI helping JPMorgan analysts check likeability AI helping JPMorgan analysts check likeability

NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth..
Federal Reserve Maintains Current Interest Rate Federal Reserve Maintains Current Interest Rate

Jerome H. Powell, the Fed chair, said that officials are waiting for “greater confidence” that..
Starling Bank earnings lifted by higher interest rates Starling Bank earnings lifted by higher interest rates

Starling Bank reported its third annual profit after higher interest rates helped boost revenue, as ..
ING gen-AI chatbot pilots in the Netherlands ING gen-AI chatbot pilots in the Netherlands

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the ..
Podcast: How FIs can tackle cloud migration cost increases Podcast: How FIs can tackle cloud migration cost increases

Financial institutions can look to financial operations strategies to manage costs when moving..
CFPB solicits stakeholders to form open banking framework CFPB solicits stakeholders to form open banking framework

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form ..
European Central Bank Cuts Interest Rates for First Time Since 2019 European Central Bank Cuts Interest Rates for First Time Since 2019

The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the..
New rule makes BNPL sustainable in long term, experts say New rule makes BNPL sustainable in long term, experts say

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same..
Security Deposits: Your Landlord May Owe You More Than You Think Security Deposits: Your Landlord May Owe You More Than You Think

Landlords are required to put security deposits in interest-bearing bank accounts. How much of that ..
‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule ‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule

Shoppers who use the popular installment loans will be guaranteed some of the same consumer..
Inflation Remains Steady, With Signs of Further Cooling Inflation Remains Steady, With Signs of Further Cooling

The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.
BMO leans into cloud modernization, AI in Q2 BMO leans into cloud modernization, AI in Q2

BMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, ..
EE. UU. promueve la apertura de bancos a las empresas de Cuba EE. UU. promueve la apertura de bancos a las empresas de Cuba

Las nuevas normas permitirán a los empresarios cubanos abrir cuentas bancarias en Estados Unidos,..
Ampla, a Lender to Consumer Brands, Faces Financial Struggles Ampla, a Lender to Consumer Brands, Faces Financial Struggles

Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items..
Ally Financial eyes AI-based inventory recommendations Ally Financial eyes AI-based inventory recommendations

Ally Financial is continuing to invest in technology and generative AI to offer improved car sale..
Yellen Warns Israel Against Cutting off Palestinian Banks Yellen Warns Israel Against Cutting off Palestinian Banks

The Treasury secretary said that allies from the Group of 7 nations must work to stabilize the West ..
Transactions: Fintech Lili teams up with AWS for gen AI chatbot Transactions: Fintech Lili teams up with AWS for gen AI chatbot

Fintech Lili, which provides a business platform for small and medium-sized businesses, has teamed..
JPMorgan identifies 3 gen AI uses JPMorgan identifies 3 gen AI uses

JPMorgan Chase has identified three uses for generative AI to boost efficiency.  “AI, and..
Podcast: 35% of banks using AI, Hapax COO says Podcast: 35% of banks using AI, Hapax COO says

Financial institutions are looking to AI to streamline daily tasks.   “Thirty-five percent of banks ..
Small business clients look to Chase for data insights Small business clients look to Chase for data insights

Small business clients looking to make data-driven business decisions within their operations don’t ..
China Says It Will Start Buying Apartments as Housing Slump Worsens China Says It Will Start Buying Apartments as Housing Slump Worsens

Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady..
Supreme Court Rejects Challenge to Consumer Watchdog’s Funding Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on..
In About-Face, Wall Street’s Big Donors Warm to Trump In About-Face, Wall Street’s Big Donors Warm to Trump

They may “hate the man,” as one put it, but major business players from coast to coast are..
Banks positioned for M&A wave following Q1 Banks positioned for M&A wave following Q1

Financial institutions that think about efficiency and growth when considering tech spend can..
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..
Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial

The hedge fund is accused of borrowing money from banks to buy stocks.
CFPB fines Chime $3.25M CFPB fines Chime $3.25M

Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the..
Podcast: How Mastercard deploys APIs Podcast: How Mastercard deploys APIs

Payments behemoth Mastercard uses APIs to develop a wider range of products for business clients. ..
Grasshopper Bank begins rollout of SBA lending strategy Grasshopper Bank begins rollout of SBA lending strategy

Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of..
Tech agility is key for M&A, Fiserv exec says Tech agility is key for M&A, Fiserv exec says

Financial institutions that have gained agility through long-term technology investments are better ..
Jobs Data Revives Wall Street’s Hopes for a Rate Cut Jobs Data Revives Wall Street’s Hopes for a Rate Cut

A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ ..
Payments, cloud services contribute to Apple’s $23B services revenue Payments, cloud services contribute to Apple’s $23B services revenue

Tech giant Apple reported record revenue from its services businesses, which include payments and..