TCH daily payments value double to $2.5B in 6 weeks
LAS VEGAS — The Clearing House’s daily payment value has doubled since the payment network increased its payment limit from $1 million to $10 million on its real-time payment rail…
Auto lenders transform customer experience with agentic AI
It’s dark outside and you are browsing available vehicles in your area from your phone as you plan your next purchase. Though it’s after hours, the dealership agent has answered…
Nvidia data center revenue up 93% YoY
Chipmaker Nvidia reported record earnings on the heels of AI factory adoption and integration of the technology in all digital services. Nvidia reported data center revenue of $35.6 billion, up…
Citizens on pace for 100% cloud migration by Q3
Citizens Bank aims to complete cloud migration by the third quarter as part of its effort to accelerate digitalization and product development. The $217.5 billion Citizens began cloud migration in…
TD to roll out anti-money laundering tools in Q3
TD Bank will roll out additional tools in 2025 to identify and remediate suspicious activity linked to money laundering after the U.S. Department of Justice fined it $3 billion in…
Movers and shakers: Citizens names Mark Williams head of business banking sales transformation
Citizens Bank has named Mark Williams as head of business banking sales transformation. Williams was senior vice president and head of business banking treasury service at the $217.5 billion Citizens.…
Fintech funding expected to rebound in 2025, experts say
Fintech funding will rebound in 2025 on the heels of improving macroeconomic conditions and a clearer regulatory framework after experiencing a historic low in 2024. “There’s a renewed fervor in…
Experts: Citi needs better tech to avoid making erroneous payments
Citi has made an erroneous payment for the second time in the span of five years — and this time it was a whopper. The $1.7 trillion bank credited a…
BAS spotlights AI in financial services
NASHVILLE, Tenn. — Bank Automation Summit 2025 kicks off today in Nashville, Tenn., where industry leaders will discuss AI in the financial services industry and what’s in store for future…
Ally Financial refocuses with an eye toward auto business
LAS VEGAS — Digital bank Ally Financial‘s multiyear restructuring initiative reduced headcount, streamlined operations and implemented new technology, and now the $197 billion bank aims to deploy the resources it…