Vaidik Trivedi

3 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Financial institutions are dipping their toes into automated lending to address the shrinking number of underwriters and increasing demand for digital banking from more borrowers. "Customers are used to buying goods from Amazon or ordering food with Uber Eats and are used to having experiences on their phone," Adam Hughes, chief executive of automated lending [...]

4 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Mergers and acquisitions in financial services increased sizably in 2024 due to favorable macro-economic trends, but regulatory scrutiny created roadblocks for more M&A activity during the year. "Every year since 2021 has been a down year," Masaki Noda, managing director in the transactions and M&A advisory practice at consultancy Deloitte, told Bank Automation News. "But [...]

1 week ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Financial services giant USAA is looking to deploy AI and gen AI throughout its operations rather than implementing it to perform specific tasks. "We are a 103-year-old company," Ramnik Bajaj, senior vice president and chief data and analytics officer, said during a panel at Google Next recently. "We had hundreds of AI solutions that were [...]

1 week ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi KeyBank has been preparing for market fluctuations and will evaluate niche acquisitions that come its way. "We've continued to invest in the business, in our technology and hiring people," Christopher M. Gorman, chairman and chief executive, said during the bank's earnings call today. "We'll continue to look at niche acquisitions." The $184 billion bank is [...]

1 week ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Tech giant Google Cloud and chipmaker Nvidia are teaming up to help businesses adapt and deploy agentic AI. Google's AI model Gemini will be deployed on Nvidia's Blackwell servers at businesses using them, which will enhance the security of sensitive data, including financial transactions and health records, according to an Nvidia's April 10 release. "By [...]