FIs' investment in artificial intelligence (AI) and machine learning (ML) is expected to reach $57.6 billion by 2021. In the latest Digital Banking Tracker, PYMNTS tracks the latest developments driving investment in the space. Plus, Moiz Kohari, SVP and chief technology architect at State Street,...
Banks are increasingly turning to AI as they look to gain an edge over their competition. In fact, over 80 percent of banks with more than $150 billion in assets have explored use of technology, and experts predict banks will invest more than $57 billion...
Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Get the Full Story Complete the form to unlock...
Use of online banking portals for corporates is ubiquitous — 99 percent of executives recently surveyed by JPMorgan said they conduct business banking online. However, professionals don’t have plans to expand their eBanking habits, and there may be a few reasons why. Get the Full...
Citigroup, faced with lackluster deposits from individual customers, is trying to ramp up that side of the business by rolling out a new app in the third quarter of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Monzo, the digital bank in the U.K., could reach 1 million users in a matter of months, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
More than 90 percent of FIs will use AI technology by 2024, but banks risk breaking their user experience as they race to embrace AI, says Chris Ward, EVP at PNC Treasury Management. In the latest Digital Banking Tracker, Ward tells PYMNTS why boosting processing...
Digital banking offerings might not be new in countries like the U.S. and U.K., but it’s still an emerging offering in some. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Finastra, the FinTech company, announced Monday (June 18) that it has acquired Malauzai, a provider of mobile and internet banking solutions for community financial institutions (FIs). In a press release, Finastra said the buy reflects its commitment to the U.S. retail and business banking sectors by...
