OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed inflation drivers, bank earnings, oil markets, Bitcoin’s...

US It will be a busy week filled with a wide range of economic indicators, lots of Fed speak, and earnings season heats up. ...

Citizens Financial Group is building a new mobile app to meet booming customer demand. The $224 billion bank within the next 12 months will...

Bank of America increased its technology investments during the third quarter amid increased virtual assistant and digital platform usership. The $3.1 trillion bank in...

U.S. Bank more than doubled the number of its tech-led partnerships in the third quarter. “Through the third quarter, new tech-led partnerships year to...

Digital adoption continues to rise at Scotiabank, with active mobile users increasing 13% year over year and the percentage of self-serve transactions increasing to 91%, up from 89% YoY. “Our digital metrics in the Pacific Alliance continue to track at a strong pace as we capitalize on the behaviors of the younger demographic, embracing digital-first […]

TD Bank plans to hire more than 2,000 technologists in automation, cloud and machine learning this year as it continues to focus on digital offerings. Growing technology talent is key to the $1.4 trillion bank’s strategy, CEO Bharat Masrani said Friday during the bank’s first-quarter earnings call. “We are hiring more than 2,000 technology roles […]

RBC is looking to its artificial intelligence electronic trading platform “Aiden” to steer global market clients through volatile times. RBC CEO Dave McKay pointed to market and economic volatility “driven by heightened geopolitical risk, continued supply chain disruption, acute labor capacity shortages, energy market imbalances and resulting high inflationary conditions,” during the $1.4 trillion bank’s […]

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels. “We've continued to invest heavily in technology, spending around $6 billion in 2021, which is equivalent to 19% of our adjusted operating expenses,” HSBC Group Chief Financial Officer Ewen […]

PNC will continue to expand its automation efforts and IT spend in 2022, responding in part to the “Great Resignation,” or the unusually high number of workers quitting their jobs recently. The resignation trend is leading to greater wage pressure for businesses, said PNC Chairman, President and CEO William Demchak during last week’s fourth-quarter earnings […]

In this Weekly Wrap episode of "The Buzz" podcast, the Bank Automation News editors discuss insights from the latest big bank earnings reports, including how JP Morgan, Bank of America and Wells Fargo are leveraging digital banking and automation. The BAN team covers JP Morgan Chase's report that revealed the $3.7 trillion bank is increasing its 2022 technology […]

KeyBank continues to reap dividends from its 2019 acquisition of online lending business Laurel Road, citing the transaction, along with residential mortgages, as a key driver for its recent growth in consumer loan originations. “As far as consumer loans, that relatively stable outlook for total loans would assume consumer loans in aggregate grow about $2 […]