Banking Technology news and trends

Bank of America to Spend $4 Billion on AI and New Tech Initiatives in 2025 
Banking // April 08, 2025

Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including AI, according to a Tuesday (April 8) news release. Get the Full Story Complete the form to unlock this article...

Credit Unions Embrace ‘Business as Unusual’ Through Collaboration and Innovation
Opinion // February 05, 2025

Innovation and collaboration lead to new ways to meet credit union needs, Velera Chief Service Officer Dean Young writes in a new PYMNTS eBook, “The Innovation Mindset: How to Achieve It in 2025.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

BIS: Central Banks Need ‘Comprehensive Risk Management Strategy’ for AI
artificial intelligence // January 29, 2025

Central banks must balance innovation and risk mitigation when looking to adopt artificial intelligence, the Bank for International Settlements (BIS) said in a report released Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

US Bank Focuses on ‘Totality of the Customer’
Opinion // January 28, 2025

Understanding customers and providing them with personalized banking solutions is key, U.S. Bank SVP and Chief Product Officer Rob Seidman writes in a new PYMNTS eBook, “The Innovation Mindset: How to Achieve It in 2025.” Get the Full Story Complete the form to unlock this...

Interviews & Exclusives
Credit Unions Embrace ‘Business as Unusual’ Through Collaboration and Innovation

February 05, 2025
Innovation and collaboration lead to new ways to meet credit union needs, Velera Chief Service Officer Dean Young writes in a new PYMNTS eBook, “The Innovation Mindset: How to Achieve It in 2025.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]

US Bank Focuses on ‘Totality of the Customer’

January 28, 2025
Understanding customers and providing them with personalized banking solutions is key, U.S. Bank SVP and Chief Product Officer Rob Seidman writes in a new PYMNTS eBook, “The Innovation Mindset: How...

90% of FinTechs View Credit Unions as Collaborators, Not Competitors

January 03, 2025
In the financial services market, credit unions (CUs) and financial technology (FinTech) companies are moving from rivals to partners. As consumer demand for seamless banking increases, they are collaborating to...

Digital-First Banking’s Mantra: Check Friction at the Virtual Front Door

November 14, 2024
Banks and credit unions will need to focus on customer experience, security and technology, Candescent Chief Product Officer Doug Brown writes in a new PYMNTS eBook, “The New Value Equation:...

Quick Reads
BIS: Central Banks Need ‘Comprehensive Risk Management Strategy’ for AI

January 29, 2025
Central banks must balance innovation and risk mitigation when looking to adopt artificial intelligence, the Bank for International Settlements (BIS) said in a report released Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to […]

Mbanq Debuts AI-Powered Loan Origination Platform Comet

November 25, 2024
Banking technology company Mbanq has debuted Mbanq Comet, an AI-powered digital loan origination platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Amount Targets ‘Deposit Drift’ With Account Opening Platform

October 15, 2024
Banking technology firm Amount has introduced its unified account opening and loan origination platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

India Central Bank Head Warns of AI ‘Opacity’ in Finance

October 14, 2024
The head of India’s central bank is warning about AI use in financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...