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#fintech

103 posts52 participants17 posts today
Public
Brian Greenberg

⚠️ Financial services alert: Banks are racing to build AI — but tech gaps are slowing them down 🏦⚙️

CIO Dive reports that banks are doubling down on cloud, cybersecurity, and data investments to unlock GenAI’s full potential:

🔹 72% of firms are scaling generative AI projects
🔹 4 in 5 rank cyber, analytics, and cloud as top priorities
🔹 Yet nearly half are battling data silos and quality issues
🔹 Leaders expect GenAI-driven productivity gains — but returns are uneven

The path forward?
🧠 Build resilient, secure cloud foundations
🔍 Tackle data modernization before scaling AI
🛡️ Invest in governance, access controls, and model guardrails

AI may be the future of banking — but only if the underlying tech can support it safely.

#Banking #Cloud #CyberSecurity #GenerativeAI #DataStrategy #Fintech #security #privacy #cloud #infosec

ciodive.com/news/bank-tech-clo

CIO Dive · Banks gear up to boost cybersecurity, cloud and data spendingBy Matt Ashare
Public
Alex Jimenez

Citizens aggressively reinvests in its existing footprint

While some of its competitors chase expansion in the Southeast, the lender is redesigning branches to double down on deeper relationships, said Nuno Dos Santos, head of the bank’s retail network.

bankingdive.com/news/citizens-

Banking Dive · Citizens aggressively reinvests in its existing footprintBy Caitlin Mullen
#FinTech#FinServ#Banking
Public
Alex Jimenez

Office valuation concerns lead to shrinking profits at Eagle

The $11.3 billion-asset bank's first quarter results, released Thursday, included a $26.3 million provision for loan losses, more than double the level from the three months ending Dec. 31.

americanbanker.com/news/office

Office.Bloomberg.1.10.19.jpg
American Banker · Office valuation concerns lead to shrinking profits at EagleBy John Reosti
#FinTech#FinServ#Banking
Public
Alex Jimenez

Eastern Bank to broach Rhode Island with $490M HarborOne deal

The transaction, set to close in the fourth quarter, would add 30 locations and $5.7 billion in assets to Eastern. The Boston bank has tended to expand through acquisition every two years.

bankingdive.com/news/eastern-h

Banking Dive · Eastern Bank to broach Rhode Island with $490M HarborOne dealBy Dan Ennis
#FinTech#FinServ#Banking
Public
Alex Jimenez

Flagstar's losses continue; CEO affirms profitability track

The parent company of Flagstar Bank reported a first-quarter net loss of $100 million, or 26 cents per share, marking the sixth consecutive quarter of net losses.

americanbanker.com/news/flagst

Flagstar
American Banker · Flagstar's losses continue; CEO affirms profitability trackBy Allissa Kline
#FinTech#FinServ#Banking
Public
Spar|fin|dig :: Jan :mastodon:

EPI ruft alle europäischen Zahlungsdienste zur Zusammenarbeit auf, um Europas #Zahlungssouveränität zu stärken. Mit #Wero (40 Mio. Nutzer) und weiteren Lösungen gibt es schon 120+ Millionen Kunden. 2025 startet E-Commerce in 🇩🇪 & 🇧🇪, später 🇫🇷 & 🇳🇱. Ziel: Unabhängigkeit von globalen Anbietern und eine starke, interoperable #EU-Zahlungsplattform. Ziel: Kräfte bündeln und gemeinsam ein europäisches Zahlungssystem etablieren, welches Innovation, Datenschutz und Verbraucherschutz vereint. Mehr dazu im offiziellen Statement von EPI:
epicompany.eu/media-insights/e
#Payments #FinTech #Europa #Digitalisierung #Innovation #Souveränität #EPI #Wero

epicompany.euEPI Company | EPI invites all representative European digital payment…The European Payments Initiative (EPI) is an initiative backed by 16 European banks and financial services companies to offer Wero, an payment solution…
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