Bank of America’s focus is ‘getting the data right,’ CEO says
Bank of America is being judicious in deployment of AI within its operations but already seeing the role the technology is playing in...
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...