Goldman launches AI-driven One Goldman Sachs 3.0
Goldman Sachs is leaning into AI to drive efficiency as it launches a new AI operating model across the institution. The One Goldman...
Wells Fargo’s gross expense savings to reach $15B by yearend
Wells Fargo expects its 2025 gross expense savings to reach $2.4 billion by the end of the year, bringing its total savings from...
JPMorgan proves AI returns with ‘old-fashioned’ expense discipline
JPMorgan Chase continues to invest in AI while prioritizing tangible outcomes of efficiency gains. Chief Executive Jamie Dimon said the bank invests $2...
Citi attributes 100K hours of savings to gen AI deployment
Citigroup is starting to realize returns on its investments in generative AI and tech modernization. The $1.7 trillion bank reported that its gen...
Oracle studies scammers, embeds AI into AML to thwart them
Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion — or roughly...
Klarna, Google Cloud develop AI-powered payments experiences
Global payments provider Klarna is partnering with Google Cloud to use artificial intelligence to enhance its payment services for more than 114 million...