Top Matches
Results from the Informa TechTarget Network
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NEWS
PNC, U.S. Bank CEOs brush off AI-driven cash optimization
At a conference this week, U.S. Bank CEO Gunjan Kedia said the “noise is far outpacing any observed behavior.” Truist’s CFO, likewise, called the AI concern a “conceptual risk.”
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NEWS
Big banks seek to ease security worries as AI push accelerates
“AI is our friend, OK?” said Morgan Stanley CEO Ted Pick during the bank’s earnings call as the industry grapples with its disruptive potential.
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BRIEF
JPMorgan CEO: AI may create things ‘we’re going to lose at’
Jamie Dimon also indicated Wednesday the top U.S. bank is “on the lookout” for acquisitions and sees “a chance to put $10 [billion] or $20 billion to work buying something.”
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BRIEF
JPMorgan Chase taps AI to process checks
The bank is “automating the most labor-intensive tasks of the process, freeing our team to focus on more complex, higher-value decision making,” an executive said.
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NEWS
Banks report operational changes driven by AI adoption
Executives at Bank of America, Citigroup and JPMorgan Chase highlighted the scale of ongoing AI adoption efforts and its effects on operations.
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NEWS
JPMorgan invests $14M in anti-fraud projects
Funds will support seven organizations intent on protecting consumers from expensive scams, the bank said Tuesday.
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NEWS
StanChart CEO apologizes over ‘lower-value human capital’ comment
CEOs from JPMorgan Chase, HSBC and Barclays added their takes to polarizing remarks by StanChart chief Bill Winters, in explaining his bank's increasing embrace of AI.
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BRIEF
JPMorgan taps AI to process checks
With paper checks remaining a popular form of payment, JPMorgan Chase is using AI and robotics to streamline its lockbox processing.
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NEWS
JPMorgan’s Lake sees longer road to agentic commerce adoption
Meanwhile, the lender aims to have a consumer-facing AI travel agent in pilot before the end of the year, said JPMorgan’s CEO of consumer and community banking.
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BRIEF
Retail and banking lead the way in AI investment
Spending priorities are changing as companies look to AI, cybersecurity — and the services needed to support both.
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BRIEF
JPMorgan to deploy $750B for affordable housing by 2035
The bank will invest the capital through its American Dream Initiative, an economic mobility program launched this year that also aims to boost housing access.
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NEWS
JPMorgan blasts capital proposals, estimates 4% increase
The CEO and CFO of the biggest U.S. bank called for further changes to Basel III and G-SIB surcharge proposals, saying the latter is “still broken.”
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NEWS
Inside the IRS’ summer in the hot seat: Trial Balance
The tax agency has become a flashpoint in Washington as questions mount over taxpayer service, leadership, conflicts of interest and its long-term direction.
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NEWS
JPMorgan aims to boost small-business lending in ‘American Dream’ plan
The bank intends to hire 1,000 more small-business bankers, support home and healthcare affordability efforts, and focus on high-growth areas such as Alabama in a 10-year initiative.
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BRIEF
JPMorgan buys 60,000 metric tons of biomass-based carbon removals
The purchase is part of a 10-year deal with carbon removal company Graphyte, which uses a process it calls “carbon casting” to turn biomass waste into carbon rich cubes to sequester underground.
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NEWS
PNC snags JPMorgan vet to lead retail bank’s product, digital
Tim Ferriter joins the Pittsburgh-based bank after an 18-year tenure at JPMorgan.
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BRIEF
JPMorgan signs carbon offtake and financing deal with Charm Industrial
The bank will provide the carbon removal startup $20 million in debt financing to expand its Colorado facility and purchase 61,500 tons of bio-oil removals.
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NEWS
Banking’s biggest names are talking about Mythos
The Federal Reserve is considering effective supervisory approaches for Anthropic’s emerging AI model. JPMorgan Chase CEO Jamie Dimon said he thinks people need a chance to assess and mitigate its risks.
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NEWS
April earnings update: Apple, Meta, Alphabet, Microsoft, Tesla, Netflix
Alphabet’s Anat Ashkenazi highlights AI-driven cloud growth, Microsoft’s Amy Hood signals headcount reductions and Netflix’s Spencer Neumann discusses the terminated Warner Bros. Discovery deal.
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NEWS
JPMorgan to add 300-plus Boston jobs
The new hires and several hundred others will take up residence in the newly constructed South Station Tower in early 2028. Additionally, eight Chase branches will open in Massachusetts this year.
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NEWS
AI in banking ‘not a silver bullet’: analyst
Lenders are clamoring to realize the benefits of AI, but it's “a long, expensive and risk-constrained transformation,” Wells Fargo’s Mike Mayo said.
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BRIEF
JPMorgan revenue rises on payments, card income
The largest U.S. bank benefited from corporate and consumer demand for its services in the first quarter despite macroeconomic turmoil.
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NEWS
JPMorgan order that drew $348.2M penalty ends
The OCC terminated a March 2024 enforcement action that found the bank failed to adequately monitor trading activity on at least 30 global venues. A companion order by the Fed appears to remain intact.
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BRIEF
JPMorgan’s Dimon bemoans parts of Basel, G-SIB proposals
While the bank CEO backs a “timely finalization” of the proposals, the latest iterations “are still very flawed in a few specific areas,” Jamie Dimon wrote in his annual letter to shareholders.
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NEWS
JPMorgan’s Lake exits as Petno, Rohrbaugh named co-presidents
Longtime executives Doug Petno and Troy Rohrbaugh will each hold two roles, as Marianne Lake – previously seen as a potential successor to CEO Jamie Dimon – retires from the company.
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NEWS
Inside Claude’s rapid expansion across corporate finance
Big Four firms, Wall Street banks and finance teams are continuing to embed Anthropic’s AI platform into forecasting, reporting and day-to-day finance workflows.
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NEWS
StanChart eyes more than 7,800 job cuts by 2030 in AI embrace
The London bank aims to boost income per employee by 20% – and will reduce risk management, compliance and HR roles as part of that effort.
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NEWS
Facebook fraud becomes lightning rod
Banks and consumer advocates are taking social media to task, while Facebook tries to rein in fake profiles and scam ads.
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BRIEF
Citi taps former Google exec as CIO
Brian Saluzzo began his tenure with Citi in March, joining as the bank rolls out AI and nears completion of a business transformation initiative.
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NEWS
Flagstar CIO: Proprietary tech creates ‘optionality’
The regional bank said StarIQ, its generative AI system, “was built specifically for regulated financial services environments.”
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BRIEF
JPMorgan to add 400 jobs in Charlotte by 2028
The lender will condense its corporate presence in Charlotte by moving into a 145,000-square-foot space in the city’s SouthPark neighborhood in early 2028, which has room for new hires.
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COLUMN
Dive Deposits: Fiserv’s CEO switch cements JPMorgan alum’s next chapter
The payments processor turned to Takis Georgakopoulos when Mike Lyons left for Truist. If the new CEO’s name sounds familiar, that may be because of a dust-up with Greek fintech Viva Wallet.
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Q AND A
‘We are not ready’: AI could trigger bank runs in seconds, lawmaker says
Rep. Bill Foster, D-IL, said real-time regulatory dashboards, standardized reporting and open source software are needed to respond to an AI-driven bank run.
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NEWS
JPMorgan exec in Knicks trash can video has left the bank
Angie Baez, who worked as an executive director of community and industry engagement for card and connected commerce, received $175 in fines after returning the bin, taken after a parade last week.
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NEWS
JPMorgan vet wants to bolster ‘trusted adviser’ mindset
Ed Pyne, named head of syndicated finance for JPMorgan commercial banking in March, said he wants to “connect the dots” for clients – beyond the product being discussed.
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NEWS
Fintech revenues hit record $504B in 2025: study
Revenue in the sector is growing four times as fast as in banks, according to a recent report by Boston Consulting Group and FT Partners.
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BRIEF
JPMorgan’s Dimon: Lake chose retirement after board named co-presidents
The CEO didn’t say what prompted last month’s appointment of Doug Petno and Troy Rohrbaugh as co-presidents, but referred to it as “a natural change” in the bank’s succession planning process.
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NEWS
JPMorgan, Barclays, Fifth Third’s Tricolor suit dismissed
A judge said he would explain "in due course" his reasoning for tossing the suit, in which plaintiffs alleged the banks missed the now-bankrupt auto lender's “blatant double-pledging scheme.”
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NEWS
Synchrony, others broaden horizons to tap top talent
Payments companies are often seeking experience outside of financial services, including in tech, in their search for new hires.
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NEWS
JPMorgan sued over $328M crypto ‘Ponzi’ scheme
Despite red flags, Chase “turned a blind eye and continued servicing the accounts used to perpetrate the fraud, earning substantial fees from the hundreds of millions of dollars” it touched in a Florida-based crypto scheme.
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BRIEF
Ramp, FIS make AI moves
The two payments companies this month embarked on separate artificial intelligence initiatives, with one focused on managing AI spending and the other using the technology to mitigate cybersecurity risks.
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NEWS
U.S. Bank flags potential blowback from debanking inquiries
At least three other lenders have warned investors of consequences over the past year, but unlike U.S. Bank, those institutions have either been sued or called out publicly by President Trump.
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BRIEF
Card volume rises with digital boost
Volume on Visa, Mastercard, American Express and Discover cards issued in the U.S. climbed 6.4% last year over 2024, with an assist from digital plays, according to Nilson Report’s publisher.
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BRIEF
JPMorgan invests $600,000 to scale Atlanta’s clean tech workforce and startups
The bank’s funding will have a twofold initiative: bridging the talent gap between the skilled workforce needed to scale clean tech infrastructure and scoping out sites for clean tech startups.
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BRIEF
JPMorgan invests $600,000 to scale Atlanta’s clean tech workforce, startups
The bank’s funding will have a two-fold initiative: bridging the talent gap between the skilled workforce needed to scale clean tech infrastructure and scoping out sites for clean tech startups.
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NEWS
IBM’s new $5B initiative will help enterprises rapidly patch open-source vulnerabilities
The tech giant’s project could make it easier for businesses to safely use open-source packages.
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NEWS
Anthropic surpasses OpenAI with near-trillion dollar valuation
Anthropic’s new $965 billion valuation comes as Claude adoption accelerates across corporate finance.
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NEWS
4 takeaways from Jes Staley’s Epstein testimony
Former JPMorgan executive Jes Staley shared confidential information with Jeffrey Epstein when the now-late financier was in prison for sex crimes.
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NEWS
Securitize hires SEC alum Redfearn as CEO
Brett Redfearn, an ex-trading and markets division chief, had advised the tokenization firm for more than four years. Several ex-regulators have moved to digital assets after government service.
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NEWS
Consumer spending is strong, but sentiment is low. What does that mean for CX?
“For CX professionals, the real risk here is complacency,” Watermark Consulting’s Jon Picoult said. “If you believe the spending and sentiment data, it points to a fragile state of affairs.”
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NEWS
Bank of America pledges $250B toward updating US infrastructure
BofA will lend, bank, invest in and advise on projects such as data centers, power generation and transportation.
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NEWS
Fiserv CEO exits after rocky year
The payments giant promoted Co-President Takis Georgakopoulos to the top role Monday as Mike Lyons leaves to return to the banking industry.
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NEWS
Centene adds JPMorgan veteran to board
Incoming board member Lauren Tyler has more than 30 years of leadership experience in the finance world, which could help Centene navigate the challenging operating environment facing insurers.
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OPINION
How CIOs can evaluate enterprise software vendors
The ecosystem of providers is expanding rapidly, leaving CIOs with complex decisions that can make or break modernization efforts.
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BRIEF
Bill shuffles senior executives
Business payments company Bill Holdings named new leaders for product, technology and revenue roles amid a broader restructuring.
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NEWS
Morgan Stanley exemption comes under fire
Sen. Elizabeth Warren, D-MA, asked three regulators to revoke their approval of a Morgan Stanley restructuring, drawing parallels to scandals that engulfed JPMorgan Chase and Citi.
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Q AND A
Ex-regulator frets over OCC brain drain
A former regulator whose team got the ball rolling on Citi's 2020 consent order worries the exodus of OCC talent leaves the agency unable to respond to a financial crisis.
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NEWS
Bank of America pledges $250B toward US infrastructure update
BofA will lend, bank, invest in and advise on projects such as data centers, power generation and transportation.
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NEWS
Fed, FDIC give green light to biggest US banks’ living wills
JPMorgan Chase, Bank of America, Citi and Goldman Sachs, additionally, have “adequately addressed” shortcomings found in the banks’ previous emergency wind-down plans, the agencies said Friday.
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NEWS
Fed sharpens focus on banks’ private credit exposure
The central bank has begun collecting data from banks to get a better idea of how their funding is being used in private credit, Michelle Bowman, the Fed’s vice chair for supervision, told lawmakers Thursday.
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NEWS
More than 30 companies commit $10B to Pennsylvania defense industry
The money will go toward shipbuilding, munitions and technologies such as artificial intelligence and robotics, Sen. Dave McCormick, R-Penn., said at the state’s Defense and Innovation Summit.
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NEWS
CFOs On the Move: Week ending Aug. 21
Aon's CFO steps down, Baxter hires Smith+Nephew’s finance chief and The Boston Beer Company searches for a new chief financial officer.
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BRIEF
Northwest Bank taps banking tech veteran as CIO
Chad Ballard, who hails from Wells Fargo, brings 25 years of IT experience in financial services to the Ohio-based bank.
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NEWS
Tricolor ex-CFO among trio of executives named in SEC suit
In the wake of the subprime auto lender's collapse last year, financial regulators have filed a fresh case against a trio of former executives, including the finance chief.
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NEWS
Banks’ fossil fuel financing increased 8% in 2025: report
The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.
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NEWS
US launches vulnerability clearinghouse amid AI-fueled surge in flaws
The Trump administration hopes the program will accelerate the discovery and fixing of serious technical problems before hackers exploit them.
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NEWS
PayPal makes job cuts
The digital payments pioneer turned to cutting back its workforce this week following a May plan, after reportedly bypassing a possible sale.
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NEWS
It’s Mythos’ world now. How do we live in it?
Anthropic's powerful model raises difficult questions about how government and industry should work together to safeguard systems in the AI era.
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NEWS
Capital One flags debanking fight in quarterly filing
The bank “is responding to demands and requests” related to “fair access to banking,” it said. The Trump Organization has until July 2 to refile its claim that the bank politically debanked the president.
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NEWS
Fiserv’s new CEO retains team
Aside from naming a new chief executive on Monday, the processor also took steps to retain other top executives.
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BRIEF
Fiserv moves through ‘transition year’
During its first-quarter earnings report Tuesday, the payments processor’s CEO cited new executive hires and cost cuts aimed at reviving growth.
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NEWS
Trump’s Capital One accounts closed after AML review, bank says
The bank has not accused the Trump Organization of money laundering. But Capital One said the transaction patterns it identified are “among the types of activity flagged by federal banking guidance.”
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NEWS
Fiserv explores divestitures
The payments processor, under pressure amid management upheaval and client attrition, told analysts it’s still considering the sale of a debit network.
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NEWS
Fed, Bowman sued over capital-requirements process
The advocacy group Better Markets alleged the central bank’s supervision chief met with bank CEOs to guide public comments in a way that would emphasize support for the proposals.
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BRIEF
Credit card strain rises: study
As consumers spend more on their credit cards, some cardholders are carrying hefty balances, a J.D. Power analysis found.
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DEEP DIVE
New cybersecurity industry coalition aims to lead US critical infrastructure protection
The new Alliance for Critical Infrastructure’s biggest goal: changing how the nation plans for a major cybersecurity crisis.
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BRIEF
Ohio’s Northwest Bank taps Wells Fargo alum as CIO
Chad Ballard brings 25 years of IT experience to the $17 billion-asset Ohio-based bank.
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NEWS
Citi, Wells, PNC CEOs dismiss M&A likelihood
Citi CEO Jane Fraser shut down reports the lender is pursuing a bank acquisition. Wells Fargo and PNC’s CEOs, too, stressed their focus on organic growth over M&A.;
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BRIEF
Citizens charts private bank expansion
The regional bank intends to add at least five private wealth teams this year, as it seeks to differentiate with integrated service for high-net-worth clients, the bank’s president said.
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NEWS
Bank of America won’t let employees work remotely 2 days in a row
The ban on taking two consecutive remote days includes Friday to Monday and takes effect in mid-September, according to a policy update workers recently received.
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NEWS
JPMorgan, BofA, others challenge the BNPL space
Buy now, pay later players, including Klarna and Affirm, are facing more competition as financial institutions begin offering installment payment options.
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BRIEF
ACH Network starts 2026 with surge
The payments network saw growth across healthcare, peer-to-peer, online and direct deposits in the first quarter, pushing the volume value past $24 trillion.
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BRIEF
NC’s Fidelity Bank to get Atlanta foothold with $142.8M Affinity deal
The acquisition, set to close in the third quarter, will create a $5.5 billion-asset institution and give Georgia’s Affinity Bank a landing spot after a previous tie-up with a credit union was terminated.
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NEWS
Engine aims to fix SMB cards
Engine, a business-travel startup, says its smaller-business customers aren’t served by current travel and entertainment card players in the market.
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BRIEF
AI confidence is on the rise despite cost concerns
Visibility into the costs and use cases of AI will be essential as companies pursue ROI from their AI deployments, according to KPMG.
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NEWS
Visa, Mastercard, PayPal, Stripe warned of debanking consequences
Any act to “deplatform customers or deny them access” on political or religious grounds “could lead to an ... investigation and potential enforcement action,” the Federal Trade Commission asserted.
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BRIEF
Services sector slows as Iran war fuels inflation: ISM survey
The Iran war creates “the potential for significant ongoing” oil shocks, persistent inflation and higher-than-expected interest rates, JPMorgan Chase CEO Jamie Dimon said.
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COLUMN
The fight against fraud revs up
Maybe crusaders against financial fraud and scams can finally make some headway with help from Congress, the White House and Nacha.
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BRIEF
Banks fail to address agriculture sector’s rising methane emissions: report
Most banks with greenhouse gas reduction targets failed to account for methane — a powerful driver of climate change — emitted by the meat, dairy, and rice companies they finance, per a new report from Planet Tracker.
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NEWS
Trump calls out Wells Fargo, banks over LA fire response
The federal government “will be looking into” banks’ actions following last year’s fires, the president said in a social media post Thursday. "The Banks must treat those people … very fairly and well."
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BRIEF
‘We are a new banking desert’: Oregon bank group CEO
A tax credit, set to take effect in June, aims to stimulate de novo activity in the state, which hasn’t chartered a new bank since 2007.
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BRIEF
Chime CEO: Pursuing bank charter is ‘a when, not if’
The fintech regularly reevaluates the potential timing of an inevitable push for a charter, Chime CEO Chris Britt said Monday, as regulators see an influx of applications.
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NEWS
Truist’s Rogers: Lyons CEO appointment brings ‘certainty’
There was “probably a little uncertainty of my timeline,” the outgoing CEO said Friday, and naming Mike Lyons to the role provides “assurance.”
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BRIEF
JPMorgan backs clean iron startup Electra with $30M in new capital
The new funding will help the startup accelerate progress toward its first commercial facility and scale its overall business.
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NEWS
FNB CEO bets on smaller-bank innovation
“The future’s going to lead to smaller banks coming out with some very innovative tools that the larger banks miss,” the chief executive of the $50 billion-asset lender predicted.
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BRIEF
Cash-strapped homeowners tap BNPL
Researchers at the JPMorgan Chase Institute found that homeowners are most likely to use buy now, pay later tools when their bank accounts are low or their credit cards are maxed out.
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NEWS
Cash App will be financial ‘protector,’ Dorsey says
As Block reorients around artificial intelligence, the app will become more interactive and predictive, co-founder Jack Dorsey said Tuesday.
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BRIEF
Banks fail to address meat and dairy’s rising methane emissions: report
Most banks with greenhouse gas reduction targets failed to account for methane — a powerful driver of climate change — emitted by the agricultural companies they finance, per a new report from Planet Tracker.
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NEWS
CFPB nominee Johnson agrees to Capital One recusal
The bank executive, who faces the Senate Banking Committee on Thursday, pledged to forfeit any unvested Capital One restricted stock. The bank, however, is letting him keep bonuses from 2024 and 2025.
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NEWS
U.S. Bank’s Elavon nabs BofA exec for CEO
The payments processor poached Wally Mlynarski from a bank rival to be its CEO, replacing Jamie Walker.
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BRIEF
Big banks breeze through Fed’s stress test
But the results don’t affect banks’ minimum regulatory capital requirements this year, in light of the central bank’s freeze of 2025 stress capital buffers.
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OPINION
4 leadership pain points that stall AI pilots — and how to fix them
Effective efforts to redesign a company’s operating model need to focus sharply on the systems surrounding the technology.
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BRIEF
AI success stems from better collaboration, not prompts
Specific behaviors can separate routine AI use from impactful human-AI interaction, according to a new report.
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BRIEF
Democrats slam Vought over CFPB ‘trauma’
The acting director of the consumer watchdog on Thursday reiterated his preference to eliminate the agency as he appeared before the Senate Banking Committee.
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NEWS
Elavon nabs BofA exec for CEO
The payments processor, which is a unit of U.S. Bank, poached Wally Mlynarski from a bank rival to be its CEO, replacing Jamie Walker.
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BRIEF
Chime to buy Stride Bank for $590M
Acquiring one of its longtime bank partners offers the fintech “a faster and more proven path to full-stack ownership,” compared to pursuing its own charter, Chime said Tuesday.
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NEWS
FTC threatens major payments players
The Federal Trade Commission sent letters to the CEOs of Visa, Mastercard, PayPal and Stripe, saying that denying consumer services for political or religious reasons could prompt enforcement actions.
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NEWS
Citi names key Fraser adviser to strategy, investor relations role
The CEO also tapped a new chief of staff among a raft of moves announced Wednesday.
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BRIEF
Visa, Stripe join AI protocol project
A pack of major fintechs have joined a nonprofit seeking to standardize how payments are sent online using artificial intelligence and software.
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NEWS
Payments events still ahead in 2026
Stablecoins, fraud prevention and artificial intelligence have been hot topics at this year’s payments industry conferences. There’s more to come.
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BRIEF
Bank of America to pay $72.5M to settle Epstein-related lawsuit
The lender did not admit any wrongdoing as part of the settlement, which is pending approval by U.S. District Court Judge Jed Rakoff.
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