Banking

Embedded finance changing along with CFPB

Embedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration.  After nearly seven...

Oracle cuts jobs in cloud infrastructure unit amid AI spending

Oracle Corp. is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on...

Transactions: HSLC, Triad Bank select Vine Financial for automated lending

Two financial institutions have tapped automated lending service provider Vine Financial within the past month.  The $227 million HSLC and the $224 million...

U.S. Bank’s efficiency ratio trends down, clocking in at 59.2% in Q2

U.S. Bank is looking to manage expenses without cutting corners on technology, and its steadily decreasing efficiency ratio is proof of the effort. ...

Red Rocks Credit Union guts its tech stack, switches core

Red Rocks Credit Union is undergoing a digital facelift with a new core and AI implementation.  “We’ve spent the last several years really...

KeyBank identifies 40 AI proofs of concept

KeyBank is continuing its AI and gen AI development pipeline after seeing positive effects on its operations.  “We have roughly about 40 proofs...