CampusCoin Student Feed Aggregator

+ Five AI-driven fintechs to watch—Banks and investors are evaluating AI-driven startups for long-term growth opportunities.   “Investors are keeping close tabs on AI-related innovation...

+ Citizens hires 750 engineers to boost in-house tech offerings—Citizens Bank has hired 750 engineers over the past four years to boost its in-house technology innovation capabilities.  The hiring has helped “us tr...

+ AI, open banking to boost consumer credit access—AI coupled with an open banking framework provides better access to credit for consumers.  The technology presents an opportunity for consumers with l...

+ Bank of America spending $12B on technology annually—Bank of America is investing in technology initiatives as automation and digitalization remain priorities.  The $3.2 trillion bank spends $12 billion ...

+ KeyBank to hold off on FedNow until DDA reach hits 5%—NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth.  The $184 bi...

+ CFPB fines TD Bank $28M—TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information ab...

+ Webinar on future of open banking to feature Finavator’s Beyo—Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open bankin...

+ Transactions: Amex, Knot launch card-on-file solution—American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted ...

+ Nest Bank’s gen AI chatbot fields 11K chat requests daily—NEW YORK — Poland-based Nest Bank is piloting its AI-driven chatbot solution N!Assistant to decrease contact center volume and improve customer satisf...

+ 5 questions with … JPMorgan Chase Head of Product for Small Business Troutman—As JPMorgan Chase leans into AI-driven products, Jameson Troutman, head of product for small business, is dedicated to innovating based on client need...

+ Citizens sees up to 20% efficiency gains through gen AI—Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the e...

+ Financial services tech investment rebounding after August valley—Investment within the financial services technology sector is creeping back up after plummeting in August.   Following a July peak, Bank Automation Ne...

+ Fintech funding: AI accounts for 30% of $24B Q2 investment—While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars.  Funding for AI-focused fintechs more...

+ Inside look: Amex’s capital deployment strategy—American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opport...

+ 78% of regional FIs say AI can help find new business—Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains.   “Financial institutions are qu...

+ TD chief says probes show need for better staff accountability—Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, afte...

+ 100% of Amex fraud models tap AI, ML—American Express’ credit and fraud models completely use machine learning and AI.  “In fact, the first time American Express used machine learning in ...

+ Transactions: Akoya, Nova Credit team up on financial access—Today, API-connected data access network Akoya teamed up with credit infrastructure and analytics company Nova Credit to allow lenders to deploy cashf...

+ FIs weigh in on US open banking regulation—The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are...

+ Chase check fraud not ‘a glitch,’ expert says—Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend, allowing them to deposit false checks and withdraw large s...

+ 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 and medium-sized business clients.  Nearly 71% of U....

+ Marqeta innovates to expand client base—Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to diversify its revenue streams.  “The environment is ...

+ How Mastercard taps AI, open banking to predict ACH payment success—Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success.  “We are very cau...

+ Canadian earnings roundup: Banks invest in digital banking, AI—Canadian banks are continuing to invest in AI for improved client experiences and efficiencies.  There is “continuous demand for digital innovation,” ...

+ Nvidia data center revenue up 154% YoY—Chip manufacturing behemoth Nvidia reported record second-quarter revenue on growing demand for its data centers, hardware and AI models.  “Data cente...

As of 9/16/24 3:08pm. Last new 9/14/24 4:22pm.  Score: 566