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BNY looks to client feedback and demand when planning the product pipeline within its technology arm, Pershing X.  “We’re hearing feedback from our clients, and we’re delivering solutions based on what we’re hearing,” Noam Tasch, head of revenue at Pershing X, told Bank Automation News.  For example, last year, the bank launched its advisory product…

U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to improve their operations.  “By no means is it as easy as just deploying AI into the ecosystem without taking into consideration some of the challenges it comes with,” Shruti Patel, chief product officer for business banking, told Bank Automation News.…

Things we’re reading today include: Alipay+ sees 67% rise in transactions during first week of Euro Championship EU prosecutors launch bombshell corruption probe into former European Investment Bank chief – POLITICO HSBC Leads $250 Million Loan to Fintech Startup FundPark – Bloomberg US Bank Capital Rules: Federal Reserve Floats Weaker Version of Planned Overhaul –……

Thinking about banking conferences over the years, there are three main messages that are presented by people on stage: Banks won’t exist in ten years Banks will exist, but it’s all going to be very different Banks will exist, and it’s going to be a lot like today Let’s take #1: Banks won’t exist in……

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Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast.   According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.   POS financing has…

Nvidia is spearheading the AI industry’s growth with its latest data centers focused on developing and deploying models for the financial services industry.   AI factories are among a new product class that can help organizations use AI models at lower costs, higher efficiency rates and faster time to market, Malcolm deMayo, global vice president…

Things we’re reading today include … Barclays boss says calls for bank to abandon oil and gas are unrealistic (telegraph.co.uk) Gang posts links to ‘juicy bank information’ from Federal Reserve ‘hack’ on the dark web | Daily Mail Online Progress on the preparation phase of a digital euro – First progress report (europa.eu) City boss:……

I measure a lot of technology change by music. Growing up, years ago, there was nothing more satisfying than buying a vinyl record from a record shop. The smell and feel of the record; placing it on the turntable; listening to the songs in the order they were written; looking at the artwork of the……

Zahra Gill, head of enhanced due diligence and financial crime strategy and change lead at Starling Bank, will speak at Bank Automation Summit Europe 2024 about the AI revolution in banking. The summit, taking place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, brings together industry experts to discuss innovation in AI, banking automation and…