JPMorgan, IFC lead $27M investment for Colombian fintech

JPMorgan Chase & Co. and International Finance Corp. are leading a $27 million round of investment in KLYM, a...

Truist invests in innovation, talent in Q4

Truist Financial increased its non-interest expenses in the fourth quarter of 2022 as minimum wage increased and the bank...

Fifth Third prioritizes digitization in Q4

Fifth Third Bank saw higher technology-related expenses during the fourth quarter as it continued to invest in “platform modernization,”...

does market sentiment drive stock returns? – Bank Underground

Gerardo Martinez In 1936, John Maynard Keynes coined the famous term ‘Animal Spirits’ to illustrate how people take decisions based on urges, overlooking the...

Listen: Direct deposits and the CFPB’s new open banking rule

The combination of today’s uncertain macroeconomic conditions and the Consumer Financial Protection Bureau’s new open banking rule coming this...

Microsoft joins wave of tech layoffs as slowdown spreads

Layoffs that began in 2022 are accelerating across much of the technology world. The tech industry is slashing jobs at a...

PNC to boost tech spend after staff cuts

PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce...

Discover execs join Bank Automation Summit US 2023

Discover Financial Services’ Joe Mills, director of transformation strategy and automation, and Dan Ireland, senior manager of automation and businesses strategy, have joined...

Goldman Sachs focuses on tech amid workforce cuts

Goldman Sachs turned its focus to Platform Solutions growth in the fourth quarter of 2022 as the section saw...

Citizens Financial follows through on cloud migration

Citizens Financial Group will continue to modernize its cloud-based digital platforms and move away from internal applications in 2023...

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