Things we’re reading today include: Can banks really fix the climate crisis? (ft.com) The bankers’ new clothes: what’s wrong with banking and what to do about it (lse.ac.uk) US Banking Shake-Up: Could Half Of Banks Disappear? – Finimize bunq Makes its GenAI Assistant Finn Fully Conversational (ffnews.com) Younger generations lead scepticism in online banking amid……

Financial institutions are looking to AI to help organize and tap into their structured and unstructured data.  Data is “really the operational lifeblood of how FIs operate in modern time,” Abrar Huq, co-founder and chief revenue officer of AI-driven digital documentation tool Arteria AI, tells Bank Automation News on this episode of “The Buzz” podcast. …

Fidelity Information Services is looking to the public cloud to scale operations and reduce costs.  FIS has nearly 60% of its operations on public cloud, Chief Executive Stephanie Ferris said during the tech provider’s Investor Day on May 7, adding that use of public cloud allows it “to unlock new geographies, new products” and scale…

I was talking with a friend about growing up. Back in my day, as the old farts say, I had cash and a bank account. I had one bank account and that was it. During the years, I moved around a bit, switched accounts between banks, but cash, cheques and card was it. Then a……

Things we’re reading today include … One bank’s brilliant upgrade was another bank’s crash • The Register Jacob Rees-Mogg accuses Bank of England of ‘miserable incompetence’ over inflation | Bank of England | The Guardian Britain’s next financial crash is coming. This time it won’t be the banks. – POLITICO Raiffeisen has been a rogue……

Major banks in the United States are increasing tech investment for added efficiencies and frictionless digital experiences — which has become the consumer’s expectation since the pandemic.  There is always a struggle for C-level executives, especially chief financial officers, to decide how to spend money to streamline operations while improving customer experiences and driving customer…

Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s FedNow payments rail as financial institutions add payment services to their platforms.   The RTP network has more than 500 institutions on its network, according to The Clearing House’s website.   Meanwhile, the FedNow payments rail had 728 financial…

I’ve recently had a couple of interesting visits to the Middle East and Africa, namely Riyadh and Cairo. Both are keen to highlight progress in fintech, which is interesting as they are two cities that have been on my radar but a little behind others like Dubai and Lagos. So, I was interested in what……

This week’s main blog discussions include … It’s all about trust Building upon my blog about Revolut the other day, and their need for a banking license, I’ve been accused many times of coming back to a theme that you can only be a bank if you’re a bank with a license. Why do I……

GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto Finance Summit East 2024.  The captive joins financial institutions including Deutsche Bank, Scotiabank, Citigroup and others integrating AI within their operations.  “The way we approach technology and more digitization and leveraging AI is…