Frost Bank is investing in its AI, payments and customer onboarding experience to remain competitive and penetrate new markets.  In the second quarter, the $49 billion San Antonio-based bank upped its technology spend 8% year over year to $35.9 million, according to its July 25 earnings report. “We have plans to use AI … [and]…

Dishonest consumers are upping their fraud game as “friendly fraud” becomes the No. 1 problem in credit card disputes, but tech providers and merchants alike are upping their ability to fight through data and AI.  Friendly fraud and chargeback fees cost businesses more than $117 billion in 2023, according to a PayPal report. Friendly fraud,…

In a long feature, Bloomberg describes how Donald Trump has become a crypto fan. Trump Bitcoin 2024: How NFTs Made Him a Crypto Cheerleader – Bloomberg My reading: it’s based on his vanity. The cryptoworld created a whole range of NFT trading cards of Trump a few years ago and, because it made a lot……

Things we’re reading today include … Trump Bitcoin 2024: How NFTs Made Him a Crypto Cheerleader – Bloomberg Russia to allow crypto payments in international trade to counter sanctions | Reuters Ripple and Fenasbac Join Forces to Accelerate Fintech Innovation in Brazil (cointrust.com) Top 10 Gen AI platforms | FinTech Magazine Metro Bank on track……

PayPal is investing in its platforms and capabilities to keep up with consumer demand for digital payments.  “Today, we operate in a massive, $6 trillion plus, global e-commerce market that benefits from the ongoing digitization of payments,” PayPal President and Chief Executive Alex Chriss said during today’s second-quarter earnings call. To keep up with the…

Daniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van Stiphout. His appointment is effective Aug. 5.  Tonella previously served at group chief information officer and chief executive of UniCredit Services and held roles at AXA Group, Evalueserve and Swiss Life, according to ING’s July 29 release.   More recently, he…

Bank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation.  The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss AI, regulation, automation and data.  View the full agenda for Bank Automation Summit…

I just found an interesting report about the big tech trends of tomorrow, written by McKinsey. They have identified fifteen things to follow, as shown below. Not sure I would agree with all of them but, for any CIO or investor out there, it could be useful for you to know. You can download their……

I just found an interesting report about the big tech trends of tomorrow, written by McKinsey. They have identified fifteen things to follow, as shown below. Not sure I would agree with all of them but, for any CIO or investor out there, it could be useful for you to know. You can download their……

I just found an interesting report about the big tech trends of tomorrow, written by McKinsey. They have identified fifteen things to follow, as shown below. Not sure I would agree with all of them but, for any CIO or investor out there, it could be useful for you to know. You can download their……