Vaidik Trivedi

New York

Associate Editor at Bank Automation News

“It's not that I'm not right, sometimes I'm just not right now.” - Ye | Real football and F1 enjoyer

Articles

15 questions FI leaders ask about agentic AI

3 days ago | bankautomationnews.com | Vaidik Trivedi |Whitney McDonald

By Vaidik Trivedi, Whitney McDonald Manual processes still play a role in the financial services industry, making them ripe for change. And though Mastercard, Citi and Temenos are among the financial institutions that have deployed agentic AI, the technology will become more mainstream as it becomes more trusted and as returns on investment are realized. "Most agentic AI projects right [...]
Envestnet to offload Yodlee to private equity firm STG

4 days ago | bankautomationnews.com | Whitney McDonald |Vaidik Trivedi

By Whitney McDonald, Vaidik Trivedi Wealthtech giant Envestnet has entered into an agreement to sell data analytics arm Yodlee to private equity firm STG. "This move sharpens our strategic focus at Envestnet and enables us to reinvest even more deeply in our core wealth management platform - anchored in data-powered financial planning, open architecture, and expanded capabilities across fiduciary, asset [...]
Google Cloud, AWS, Azure, Cloudflare suffer widespread web outages

2 weeks ago | bankautomationnews.com | Whitney McDonald |Vaidik Trivedi

By Whitney McDonald, Vaidik Trivedi Google Cloud, Amazon Web Services, Microsoft Azure and Cloudflare are experiencing outages. "Today's simultaneous outages across Google Cloud, AWS and Cloudflare have caused major disruptions across internet infrastructure, including financial services platforms," Raul Morales, security architect at IBM, told Bank Automation News. "These outages are largely due to upstream issues in DNS [domain name system], [...]
Moody's Analytics deploying agentic AI tool

2 weeks ago | bankautomationnews.com | Vaidik Trivedi |Whitney McDonald

By Vaidik Trivedi, Whitney McDonald Integrated risk assessment company Moody's Analytics is deploying agentic AI tools and helping bank clients adopt the technology. The agentic AI market is expected to swell to $196.6 billion by 2034 with a compound annual growth rate of 43.8%, according to a March report from data analytics company Market.us. "Most of the banks have started already [...]
Tariffs give fintechs chance to gain market share

3 weeks ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Traditional financial institutions are tightening their credit standards amid economic uncertainty and tariffs, presenting an opportunity for fintechs to gain small business market share. More banks tightened standards for commercial and industrial loans to large- and middle-market firms in the second quarter compared to Q2 2024, according to St. Louis Federal Reserve data. "We have [...]
4 key payments trends at JPM

3 weeks ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi NEW YORK - Banking giant JPMorgan Chase is innovating its payments infrastructure with new tech amid a shifting regulatory landscape. The $3.6 trillion bank is incorporating tech that can make operations simpler, efficient and cost effective, Sri Shivananda, chief information officer for payments at JPMorgan Payments, said during a panel at New York City Tech [...]
Bluevine taps Stripe for invoicing, payment links

3 weeks ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Small and medium-sized banking service provider Bluevine chose payments company Stripe for B2B payments. By working with Stripe, Bluevine customers can create invoices and payment links, accept multiple payment methods and get paid directly into their Bluevine accounts. "We wanted to join forces with a trusted partner like Stripe to solidify our status as an [...]
Thread Bank growing via embedded banking

3 weeks ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Thread Bank is looking to embedded banking to grow its deposits, while scaling operations through tech stack investments. The Nashville, Tenn.-based bank started offering embedded banking to businesses in 2021, Chief Executive Chris Black told Bank Automation News. Deposits were $700 million in 2024, up from $100 million in 2021. "The majority of growth [...]
AI saving clients169K accounting hours each month

3 weeks ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Fintechs Brex and Bluevine are implementing AI within their products and operations to save time and keep up with volatile market conditions. Expense management and financial services provider Brex has embedded AI-driven tech in: Assistants; KYC and onboarding; and Client servicing. The Salt Lake City-based company introduced its AI-driven accounting assistant in 2023 and has [...]
Fintech funding future uncertain in tariff-saddled market

1 month ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi It is too early for experts to predict the impact of ongoing economic uncertainty worldwide - driven by tariffs and macroeconomic and geopolitical headwinds - on fintech funding. "The markets tend to dislike uncertainty and seize up/slow down when it increases, which it certainly has recently," Carey Ransom, managing director at financial services-focused strategic investment [...]