I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing lending When thinking about this my brain thought linearly – taking current……

I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing lending When thinking about this my brain thought linearly – taking current……

I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing lending When thinking about this my brain thought linearly – taking current……

ING Bank invested in its digital infrastructure in 2023 and expects to reap the benefits of those tech advancements in 2024 as the bank plans to spend less on technology this year.  The $967 billion, Netherlands-based bank can spend less on tech because it has optimized and automated its know-your-customer processes, reduced front office staff…

Deutsche Bank is reducing costs bankwide through automation and technology efforts.  The $578 billion, Germany-based bank is using simplified workflows and automation on the front end and application decommissioning and operation model improvements on the back end, Chief Executive Christian Sewing said during today’s Q4 earnings call.   Through the automation and technology efforts, the…

BNP Paribas is looking to use AI and gen AI for revenue generation and cost optimization.  “In 2023, we continued to invest in technology and in artificial intelligence,” Chief Executive Jean-Laurent Bonnafe said during the company’s fourth-quarter earnings call today.  Investments made in AI and technology will help in “revenue generation, because we will have…

I got this sign the other day, and it really resonated. I guess it resonated as, for nearly all of my life, I’ve had wants. It’s a terrible disease, as needs is far less serious. Wants is that there’s always something you want but cannot have. As a result, you work as hard as you……

Things we’re reading today include: How HSBC became the world’s most accident-prone bank (telegraph.co.uk) Shares plunge for saviour of failed Signature Bank (ft.com) How bots and short sellers brought down First Republic Bank | Daily Mail Online Augmentum CEO Tim Levene: ‘A lot of Fintech AI is a bubble’ (citywire.com) UBS-backed fintech Fnality eyes US……

Buy now, pay later provider Sunbit has raised $310 million from Citi and Ares Management credit funds for a debt warehouse facility.  The company aims to use the money to deepen its penetration in automotive, dental and health care industries, co-founder and Chief Executive Arad Levertov told Bank Automation News. “We are in 10,000 car…

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.  “By applying quantum, the parallel [computing] capability of the computer goes up exponentially,” Mitchell Wein, executive principal at Datos Insights, a data and markets analytics company,…