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Terrence Thomas, executive vice president and chief information officer at First Bank, will speak at Bank Automation Summit U.S. 2024 on Monday, March 18, at 4 p.m. CT.   Thomas will join the panel on “Creating a culture of AI adoption” with Scott Kinross, senior vice president and software engineering director at PNC Financial Services, and…

Jack Henry Chief Operating Officer Greg Adelson will take over as chief executive for the tech provider in July.   On this episode of “The Buzz” podcast, he discusses how his four-tenet leadership strategy will be reflected in his new role as he takes on Jack Henry’s ongoing cloud modernization.   The tenets:  1. Transparency. Have direct…

BNY Mellon has appointed Julie Gerdeman as its global head of data and analytics.  Gerdeman will be responsible for managing software and data for nearly $47 trillion of assets managed by BNY, according to a Feb. 20 release. Prior to joining the $30 billion bank, Gerdeman was chief executive at Everstream Analytics, a supply chain…

Technology provider FIS is now certified to send and receive payments on the FedNow payments rail as demand for the rail grows.  FIS has 215 clients in contract or in the pipeline for the Federal Reserve’s payments rail, Chief Executive Stephanie Ferris said during the company’s fourth-quarter earnings call today. “The banks are definitely focused…

Things we’re reading today include … Record rate-profits sees EU banks give shareholders €120bn (euobserver.com) Bank of England builds ‘proactive case’ to regulate non-banks | Reuters Why economists are warning of another US banking crisis (theconversation.com) Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024? | The Fintech Times Bitcoin mystery deepens as……

It’s a little known fact that Coca-Cola was launched as a way to relieve the anxiety of change, but it’s true. Coca-Cola’s unique formula was developed to replace the addiction of Victorians to morphine and opium. The question is: why were Victorians addicted to morphine and opium? The answer is: the pace of change. Victorians……

For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest. Today Embat, a Spanish fintech which does what they call “real-time treasury management,” has closed a financing round of $16 million Series…

Artificial Intelligence (AI) is a game-changer in financial services, particularly in detecting and preventing fraud. It is proving its efficacy in identifying bank statement fraud, by leveraging the concept of fraud knowledge graphs. Fraud manifests in various ways. A common pattern is the replication of identical content across multiple bank statements. And, there are more…

Artificial intelligence is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working. That’s the conclusion of a new analysis by consultancy Accenture, which said banking has the potential to benefit more from the technology than any other industry. Just 27%…

Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations in his new role. Starr aims to create a structure that facilitates “more empathy, collaboration and integration of technology,” he told Auto Finance News, a sister publication to Bank Automation News. He intends to execute this by cross-pollinating employees…