financial institutions

Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Goldman Sachs Begins Layoffs as Part of Annual Review Process
Goldman Sachs Begins Layoffs as Part of Annual Review Process
August 30, 2024  |  Personnel

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part...

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nCino: International Banks Lag U.S. Peers in Digital Transformation
nCino: International Banks Lag U.S. Peers in Digital Transformation
August 27, 2024  |  Digital-First Banking

Digital transformation can come even to industries where change happens slowly. As the financial services industry grapples with the rapid pace of digital transformation, cloud...

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Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime...

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Can Banks Crack the Insurance Code? Customers Are Ready
Can Banks Crack the Insurance Code? Customers Are Ready
August 27, 2024  |  Insurance

PYMNTS Intelligence’s data makes it clear enthusiasm for financial institutions (FIs) as insurance providers is growing. In fact, three-quarters of consumers who have already purchased...

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Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
August 22, 2024  |  artificial intelligence

Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and...

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AI Regulation: Regulators Call for Balance as Businesses Embrace GenAI
AI Regulation: Regulators Call for Balance as Businesses Embrace GenAI
August 21, 2024  |  artificial intelligence

As businesses embrace generative artificial intelligence (AI), regulators and industry groups are scrambling to keep pace, calling for balanced oversight that fosters innovation while managing...

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Swiss National Bank and SIX Launch New Instant Payments Solution
Swiss National Bank and SIX Launch New Instant Payments Solution
August 21, 2024  |  Faster Payments

The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process...

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Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority
Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority
August 20, 2024  |  Bank Regulation

There used to be an old radio show that asked about the evil that lurked in peoples’ hearts. “The Shadow knows,” intoned the narrator. We’ll...

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